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PREIT Prices Preferred Share Offering

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Description: PHILADELPHIA--(EON: Enhanced Online News)--Pennsylvania Real Estate Investment Trust (the “Company”) (NYSE: PEI) today announced that it has priced the underwritten public offering of 4,000,000 of its 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares (the “Series A Preferred Shares”) at $25.00 per share, plus accrued dividends, if any. The offering is expected to close on April 20, 2012, subject to customary closing conditions. Dividends on the Series A Preferred Shares will be pai a style=
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