UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 2, 2007
DEVELOPERS DIVERSIFIED REALTY CORPORATION
(Exact name of registrant as specified in its charter)
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| Ohio | | 1-11690 | | 34-1723097 |
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| (State or other jurisdiction of incorporation) | | (Commission
File Number) | | (IRS Employer Identification No.) |
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| 3300 Enterprise Parkway, Beachwood, Ohio | | | 44122 | |
| |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code (216) 755-5500
(Former name or former address, if changed since last report.)
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
On March 2, 2007, the Company issued a news release announcing the redemption of all its outstanding shares of its 8.6% Class F Cumulative Redeemable Preferred Shares. The Class F Preferred Shares, aggregating $150 million, will be redeemed in whole at a redemption price of $25.10750 per Class F Preferred Share (the sum of $25.00 per share and a dividend per share of $0.10750 prorated to the redemption date) on or after April 2, 2007. A copy of the news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.1 Press Release
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | Developers Diversified Realty Corporation
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| | | (Registrant) |
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Date March 5, 2007 | | /S/ William H. Schafer |
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| | | William H. Schafer
Executive Vice President and Chief Financial Officer |
