An alternative to asset sales?
This turned up in a Google search. Provides great context for the environment in which this trust operates:
Developers Diversified Realty Corporation Q3 2009 Earnings Call Transcript
(October 23 2009 - U.S. time)
http://seekingalpha.com/article/168601-developers-diversified-realty-corporation-q3-2009-earnings-call-transcript?page=1
note especially at page 4:
"Finally I’d like to address the MDT redemption that we announced recently. An MDT unit holder vote was held on October 19, the redemption was approved and we have now closed the transaction that results in DDR receiving 100% ownership in three properties in exchange for our 14.5% interest in the U.S. REIT joint venture with MDT. This transaction simplifies our structure,
provides MDT with more flexibility to recapitalize (my emphasis),
and eliminates considerable near term debt maturities from DDR’s pro rata maturity schedule. We continue to actively co-manage the trust and aggressively lease its assets."
- Forums
- ASX - By Stock
- MDT
- Ann: Completion of DDR Redemption
Ann: Completion of DDR Redemption , page-22
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