CLEVELAND, June 11, 2018 /PRNewswire/ -- Forest City
Realty Trust, Inc. (NYSE: FCEA) today announced adjustments to the
conversion rates for the company's 4.25% Convertible Senior Notes
due 2018 and 3.625% Convertible Senior Notes due 2020 (the
"Notes"). The conversion rate adjustments are being made pursuant
to the indentures governing the Notes as a result of the cumulative
impact of the company's previously announced first quarter and
second quarter 2018 common stock cash dividends of $0.18 per common share in each quarter.
4.25% Convertible Senior Notes due 2018
Effective
immediately after the opening of business on June 8, 2018, the conversion rate for the 4.25%
Convertible Senior Notes due 2018 was adjusted from 47.8122 to
48.6489 shares of common stock per $1,000 principal amount of these Notes.
3.625% Convertible Senior Notes due 2020
Effective
immediately after the opening of business on June 8, 2018, the conversion rate for the 3.625%
Convertible Senior Notes due 2020 was adjusted from 42.8079 to
43.5570 shares of common stock per $1,000 principal amount of these Notes.
Notice of the conversion rate adjustments was delivered to
holders of the Notes and The Bank of New York Mellon Trust Company,
N.A., as trustee, in accordance with the terms of the indentures
governing the Notes.
About Forest City
Forest City Realty Trust, Inc. is a
NYSE-listed national real estate company with $8.0 billion in consolidated assets. The Company
is principally engaged in the ownership, development, management
and acquisition of commercial and residential real estate
throughout the United States. For more information, visit
www.forestcity.net.
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SOURCE Forest City Realty Trust, Inc.
