Brief: Urstadt Biddle announces offering of 2.75 mln shares

Urstadt Biddle Properties

20/07/2016 21:08

July 20 (Reuters) - Urstadt Biddle Properties  UBA.N  : 
    * Urstadt biddle properties inc. Announces offering of 
2,750,000 shares of class a common stock 
    * Urstadt Biddle Properties Inc says intends to use net 
proceeds to repay in full outstanding borrowings under company's 
existing credit facility 
    * May use net proceeds to make investments in short-term 
income-producing securities 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nBwbr8Gsba 
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