National Retail Properties, Inc. (NNN) said Wednesday that it has commenced an underwritten public offering of depositary shares, each representing a 1/100th interest in a share of its newly designated Series E Cumulative Redeemable Preferred Stock.
The company also expects to grant the underwriters a 30-day option to purchase an additional 15% of the depositary shares initially offered.
The company plans to apply to list the depositary shares on the New York Stock Exchange under the symbol "NNNPRE". If its application is approved, the Company expects trading of the depositary shares on the New York Stock Exchange to commence within the 30-day period after the initial delivery of the depositary shares.
The company said it plans to use the net proceeds from the offering for general corporate purposes, which may include funding future property acquisitions.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.