Urstadt Biddle Properties Inc. Announces Closing of Series K Preferred Stock Offering

GREENWICH, Conn.--(BUSINESS WIRE)--Urstadt Biddle Properties Inc. (NYSE:UBA), a real estate investment trust (the “Company”), today announced the closing of its previously announced underwritten public offering of 4,000,000 shares of its 5.875% Series K Cumulative Redeemable Preferred Stock, liquidation preference of $25.00 per share, resulting in net proceeds of $96.85 million, after deducting underwriting discounts and commissions but before expenses payable by the Company. The Company expects trading of the Series K Preferred Stock on the NYSE to begin on October 3, 2019 under the symbol “UBPPRK”.