Ramco-Gershenson Closes Offering of Convertible Perpetual Preferred Shares Valued at $50 per Share

Ramco-Gershenson Properties Trust RPT announced today it has successfully completed its offering of 7.25% cumulative convertible perpetual preferred shares of beneficial interest with the closing of an additional $20 million (400,000 shares). The preferred shares have a liquidation value of $50.00 per share. The joint book-running managers for the offering were Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC. KeyBanc Capital Markets Inc. acted as lead manager of the offering, and Stifel, Nicolaus & Company, Incorporated, Comerica Securities, Inc., PNC Capital Markets LLC and RBS Securities Inc. acted as co-managers.