new york sept 13 2021 globe newswire  vornado realty trust nysevno today announced the pricing of a public offering of 300 million perpetual 445 series o cumulative redeemable preferred shares at a price of 2500 per share pursuant to an effective registration statement the offering is expected to close september 22 2021 subject to customary closing conditions the company may redeem the series o preferred shares at a redemption price of 2500 per share on and after september 22 2026 bofa securities jp morgan morgan stanley ubs investment bank and wells fargo securities are acting as joint bookrunning managers  the company will use the net proceeds for the redemption of its 570 series k cumulative redeemable preferred shares pursuant to the terms thereof the offering is being made under the companys shelf registration statement filed with the securities and exchange commission a prospectus supplement relating to the offering will be filed with the securities and exchange commission a copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained by contacting bofa securities inc 200 north college street nc10040343 charlotte nc 282550001 attention prospectus department telephone 18002941322 or email dgprospectusrequestsbofacom jp morgan securities llc 383 madison avenue new york ny 10179 attention investment grade syndicate desk or by calling 212 8344533 morgan stanley  co llc 180 varick street new york ny 10014 attn prospectus department or email prospectusmorganstanleycom ubs securities llc attention prospectus department 1285 avenue of the americas new york ny 10019 or by calling tollfree at 18888277275 and wells fargo securities llc 608 2nd avenue south suite 1000 minneapolis mn 55402 attn wfs customer service or email wfscustomerservicewellsfargocom or by calling tollfree at 18006453751 this communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in which such offer solicitation or sale would be unlawful prior to registration or qualification vornado also announced that it will redeem all of its 300 million 570 series k cumulative redeemable preferred shares on october 13 2021 at a redemption price of 2500 per share plus accrued and unpaid dividends through the date of redemption vornado will incur a charge of 9 million in the third quarter of 2021 from the writeoff of issuance costs related to the shares being redeemed certain statements contained herein may constitute forwardlooking statements within the meaning of the private securities litigation reform act of 1995 such forwardlooking statements involve known and unknown risks uncertainties and other factors which may cause the actual results performance or achievements of vornado to be materially different from any future results performance or achievements expressed or implied by such forwardlooking statements for a discussion of factors that could materially affect the outcome of our forwardlooking statements and our future results and financial condition see risk factors in part i item 1a of our annual report on form 10k for the year ended december 31 2020 such factors include among others risks associated with the performance of vornados properties and general competitive factors currently one of the most significant factors is the ongoing adverse effect of the covid19 pandemic on our business financial condition results of operations cash flows operating performance and the effect it has had and may continue to have on our tenants the global national regional and local economies and financial markets and the real estate market in general the extent of the impact of the covid19 pandemic will depend on future developments including the duration of the pandemic current and future variants the efficacy and durability of vaccines against the variants and the potential for increased government restrictions which continue to be uncertain at this time but that impact could be material moreover you are cautioned that the covid19 pandemic will heighten many of the risks identified in item 1a risk factors in part i of our annual report on form 10k for the year ended december 31 2020