Mack-Cali Realty Corp. (CLI)

[Enterprising Investor]

Mack-Cali Announces Redemption Of $135,136,000 Of 7.750% Notes Due 2019 (11/29/16)

JERSEY CITY, N.J., Nov. 29, 2016 /PRNewswire/ -- Mack-Cali Realty Corporation (the "Company") (NYSE: CLI) today announced that its operating partnership, Mack-Cali Realty, L.P. (the "Operating Partnership"), will redeem for cash all $135,136,000 outstanding principal amount of the Operating Partnership's 7.750% Notes due 2019 (the "Notes"). The Notes shall be redeemed on December 29, 2016 (the "Redemption Date"). The redemption price for the Notes, including a make-whole premium, will be 115.3136579% of the principal amount of the Notes, plus any accrued and unpaid interest up to, but not including, the Redemption Date.

The Notes are to be surrendered to Wilmington Trust Company, as trustee and paying agent, in exchange for payment of the applicable redemption price. Questions relating to, and requests for additional copies of, the notice of redemption for the Notes should be directed to Wilmington Trust Company, Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890-0001, Attn: Corporate Trust Administration, [phone].

This announcement is for information purposes only and is not an offer to purchase or redeem nor a solicitation of an offer to purchase or redeem with respect to any of the Notes.

About Mack-Cali Realty Corporation

Mack-Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, and other tenant-related services for its two-platform operations of waterfront and transit-based office and luxury multi-family assets. Mack-Cali provides its tenants and residents with the most innovative communities that empower them to re-imagine the way they work and live.

Additional information on Mack-Cali Realty Corporation and the commercial real estate properties and multi-family residential communities available for lease can be found on the Company's website at www.mack-cali.com.

http://www.prnewswire.com/news-releases/mack-cali-announces-redemption-of-135136000-of-7750-notes-due-2019-300369767.html