Urstadt Biddle Properties Inc. Announces Closing of Over-Allotment Option for Series K Preferred Stock Offering

GREENWICH, Conn.--(BUSINESS WIRE)--Urstadt Biddle Properties Inc. (the “Company”) (NYSE:UBA), a self-administered equity real estate investment trust, today announced that the underwriters of the previously announced public offering of 4,000,000 shares of its 5.875% Series K Cumulative Redeemable Preferred Stock, liquidation preference of $25.00 per share, have partially exercised their over-allotment option to purchase an additional 400,000 shares of Series K Preferred Stock from the Company, resulting in approximately $9.69 million of additional proceeds to the Company after deducting underwriting discounts and commissions but before expenses payable by the Company.