CHICAGO, Feb. 5 /PRNewswire-FirstCall/ -- General Growth Properties, Inc.
(NYSE: GGP) announced today that it has filed a universal shelf registration
statement with the Securities and Exchange Commission (SEC) to permit the
company the capability to sell up to $2 billion of additional securities to
the public. The company believes it is prudent to have an effective shelf
registration in place, but does not currently have any plans to issue
securities.
This shelf registration replaces a previously existing shelf that was
fully utilized in December 2001. The new shelf registration provides for the
issuance from time to time of up to $2 billion of a variety of securities,
including common stock, preferred stock, depositary shares, debt securities,
warrants, stock purchase contracts and stock purchase units.
The registration statement relating to these securities has been filed
with the SEC, but has not yet become effective. These securities may not be
sold nor may offers to buy be accepted prior to the time the registration
statement becomes effective. This press release does not constitute an offer
to sell or the solicitation of an offer to buy these securities, nor shall
there be any sale of these securities in any state in which such offer,
solicitation, or sale would be unlawful prior to registration or qualification
under the securities law of that state.
General Growth Properties, Inc. is one of the oldest and most experienced
shopping center owners, developers and managers in the United States. It
currently owns interests in and/or manages 141 shopping malls in 39 states,
comprising approximately 125 million square feet of retail space.
SOURCE General Growth Properties, Inc.
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Related links:
http://www.generalgrowth.com
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Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/110740.html
CONTACT:
Bernard Freibaum, +1-312-960-5252, or Beth
Coronelli, +1-312-960-2750, both of General Growth Properties,
Inc.
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