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| <NonNumbericText> <div> <div><!-- 2.0.3657.28464 --><div><!-- body --><div style="font-family: 'Times New Roman', serif;"> <p style="margin: 0in 0in 0pt;" class="BLDHEADII"><strong><font class="_mt" size="2">9.<font style="mso-tab-count: 1;" class="_mt"> Shareholders’ Equity</font></font></strong></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> </font></p> <p style="margin: 0in 0in 0pt;" class="StyleHeading3ind2Firstline2ch"><!--StartFragment--><em><font class="_mt" size="2">Common Shares</font></em></p> <p style="margin: 0in 0in 0pt;" class="StyleHeading3ind2Firstline2ch"> </p> <p style="margin: 0in 0in 0pt;" class="StyleHeading3ind2Firstline2ch">In April 2009, we sold 17,250,000 common shares, including underwriters' over-allotment in an underwritten public offering pursuant to an effective registration statement at an initial public offering price of $43.00 per share. We received net proceeds of $710,226,000, after underwriters' discount and offering expenses and contributed the net proceeds to the Operating Partnership in exchange for 17,250,000 Class A units of the Operating Partnership.<!--EndFragment--></p> <p style="margin: 0in 0in 0pt; mso-list: none; mso-list-ins: 'Matthew Iocco' 20100218T2243;" class="StyleHeading3ind2Firstline2ch"></p> <p style="margin: 0in 0in 0pt; mso-list: none; mso-list-ins: 'Matthew Iocco' 20100218T2244;" class="Bodytext"> </p> <p style="margin: 0in 0in 0pt; mso-list: none; mso-list-ins: 'Matthew Iocco' 20100218T2244;" class="Bodytext"><em><font class="_mt" size="2">Preferred Shares</font></em></p> <p style="margin: 0in 0in 0pt;" class="Heading3"><em><font class="_mt" size="2"> </font></em></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2">The following table sets forth the details of our preferred shares of beneficial interest outstanding as of December 31, 2009 and 2008.</font></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"> </p> <p style="margin: 0in 0in 0pt;" class="Bodytext"></p> <table style="margin: 0in 0in 0pt; width: 603pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="803"> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; width: 466pt; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl63" height="17" width="621"><font class="_mt" size="2">(Amounts in thousands, except share and per share amounts)</font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; width: 8pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl64" width="11"><font class="_mt" size="2"> </font></td> <td style="border-bottom: windowtext 0.5pt solid; border-left: #ece9d8; background-color: white; width: 129pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl76" width="171" colspan="5"> <p align="center"><strong><font class="_mt" size="2">December 31,</font></strong></p> </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl65" height="17"><strong><font class="_mt" size="2"> </font></strong></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl64"><font class="_mt" size="2"> </font></td> <td style="border-bottom: windowtext 0.5pt solid; border-left: #ece9d8; background-color: white; border-top: windowtext 0.5pt solid; border-right: #ece9d8;" class="xl77" colspan="2"> <p align="center"><strong><font class="_mt" size="2">2009</font></strong></p> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl64"> <p align="center"> </p> </td> <td style="border-bottom: windowtext 0.5pt solid; border-left: #ece9d8; background-color: white; border-top: windowtext 0.5pt solid; border-right: #ece9d8;" class="xl77" colspan="2"> <p align="center"><strong><font class="_mt" size="2">2008</font></strong></p> </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl66" height="17"><font class="_mt" size="2">6.5% Series A:<font style="mso-spacerun: yes;" class="_mt"> liquidation preference $50.00 per share; authorized 5,750,000 shares; issued and</font></font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8;" class="xl75" rowspan="2"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8;" class="xl66" rowspan="2"><font class="_mt" size="2">$</font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8;" class="xl78" rowspan="2"> <p align="right"><font class="_mt" size="2">2,673</font></p> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8;" class="xl75" rowspan="2"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8;" class="xl66" rowspan="2"><font class="_mt" size="2">$</font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8;" class="xl78" rowspan="2"> <p align="right"><font class="_mt" size="2">2,762</font></p> </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl66" height="17"><font class="_mt" size="2"> outstanding 52,324 and 54,124 shares</font></td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl67" height="17"><font class="_mt" size="2">7.0% Series D-10: liquidation preference $25.00 per share; authorized 4,800,000 shares; issued and</font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl68" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl73" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl74" rowspan="2"> <p align="right"><font class="_mt" size="2">39,982</font></p> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl68" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl73" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl74" rowspan="2"> <p align="right"><font class="_mt" size="2">39,982</font></p> </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl67" height="17"><font class="_mt" size="2"> outstanding 1,600,000 shares</font></td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl63" height="17"><font class="_mt" size="2">7.0% Series E: liquidation preference $25.00 per share; authorized 3,450,000 shares; issued and</font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl64" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl70" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl71" rowspan="2"> <p align="right"><font class="_mt" size="2">72,248</font></p> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl64" rowspan="2"> <p align="right"> </p> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl70" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl71" rowspan="2"> <p align="right"><font class="_mt" size="2">72,248</font></p> </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl63" height="17"><font class="_mt" size="2"> outstanding 3,000,000 shares</font></td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl67" height="17"><font class="_mt" size="2">6.75% Series F: liquidation preference $25.00 per share; authorized 6,000,000 shares; issued and</font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl68" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl73" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl74" rowspan="2"> <p align="right"><font class="_mt" size="2">144,720</font></p> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl68" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl73" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl74" rowspan="2"> <p align="right"><font class="_mt" size="2">144,720</font></p> </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl67" height="17"><font class="_mt" size="2"> outstanding 6,000,000 shares</font></td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl63" height="17"><font class="_mt" size="2">6.625% Series G: liquidation preference $25.00 per share; authorized 9,200,000 shares; issued and</font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl64" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl70" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl71" rowspan="2"> <p align="right"><font class="_mt" size="2">193,135</font></p> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl64" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl70" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl71" rowspan="2"> <p align="right"><font class="_mt" size="2">193,135</font></p> </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl63" height="17"><font class="_mt" size="2"> outstanding 8,000,000 shares</font></td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl67" height="17"><font class="_mt" size="2">6.75% Series H: liquidation preference $25.00 per share; authorized 4,600,000 shares; issued and</font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl68" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl73" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl74" rowspan="2"> <p align="right"><font class="_mt" size="2">108,549</font></p> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl68" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl73" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl74" rowspan="2"> <p align="right"><font class="_mt" size="2">108,559</font></p> </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl67" height="17"><font class="_mt" size="2"> outstanding 4,500,000 shares</font></td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl63" height="17"><font class="_mt" size="2">6.625% Series I: liquidation preference $25.00 per share; authorized 12,050,000 shares; issued and</font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl64" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl70" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: black 1pt solid; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl71" rowspan="2"> <p align="right"><font class="_mt" size="2">262,379</font></p> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl64" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl70" rowspan="2"><font class="_mt" size="2"> </font></td> <td style="border-bottom: black 1pt solid; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl71" rowspan="2"> <p align="right"><font class="_mt" size="2">262,401</font></p> </td> </tr> <tr style="height: 13.5pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; height: 13.5pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl63" height="18"><font class="_mt" size="2"> outstanding 10,800,000 shares</font></td> </tr> <tr style="height: 13.5pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; height: 13.5pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl67" height="18"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl68"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl67"><font class="_mt" size="2">$</font></td> <td style="border-bottom: windowtext 2pt double; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl69"> <p align="right"><font class="_mt" size="2">823,686</font></p> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl68"><font class="_mt" size="2"> </font></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl67"><font class="_mt" size="2">$</font></td> <td style="border-bottom: windowtext 2pt double; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl69"> <p align="right"><font class="_mt" size="2">823,807</font></p> </td> </tr> </table> <p style="margin: 0in 0in 0pt;" class="Bodytext"> </p> <p style="margin: 0in 0in 0pt;" class="Bodytext"> </p> <p style="margin: 0in 0in 0pt;" class="Bodytext"> </p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><em><font class="_mt" size="2">Series A Convertible Preferred Shares of Beneficial Interest</font></em></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> </font></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> Holders of Series A Preferred Shares of beneficial interest are entitled to receive dividends in an amount equivalent to $3.25 per annum per share. <font style="mso-spacerun: yes;" class="_mt"> These dividends are cumulative and payable quarterly in arrears. <font style="mso-spacerun: yes;" class="_mt"> The Series A Preferred Shares are convertible at any time at the option of their respective holders at a conversion rate of 1.4334 common shares per Series A Preferred Share, subject to adjustment in certain circumstances. In addition, upon the satisfaction of certain conditions we, at our option, may redeem the $3.25 Series A Preferred Shares at a current conversion rate of 1.4334 common shares per Series A Preferred Share, subject to adjustment in certain circumstances. At no time will the Series A Preferred Shares be redeemable for cash.</font></font></font></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> </font></p> <p style="margin: 0in 0in 0pt;" class="StyleHeading3ind2Firstline2ch"><em><font class="_mt" size="2">Series D-10 Cumulative Redeemable Preferred Shares of Beneficial Interest</font></em></p> <p style="margin: 0in 0in 0pt;" class="Heading3"><font style="font-style: normal;" class="_mt"><font class="_mt" size="2"> </font></font></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> Holders of Series D-10 Preferred Shares of beneficial interest are entitled to receive dividends at an annual rate of 7.0% of the liquidation preference of $25.00 per share, or $1.75 per Series D-10 Preferred Share per annum. These dividends are cumulative and payable quarterly in arrears. The Series D-10 Preferred Shares are not convertible into, or exchangeable for, any other property or any other security of the Company. We, at our option, may redeem the Series D-10 Preferred Shares at a redemption price of $25.00 per share, plus any accrued and unpaid dividends through the date of redemption. The Series D-10 Preferred Shares have no maturity date and will remain outstanding indefinitely unless redeemed by us.</font></p> <h1 style="margin: 0in 0in 0pt;"><font class="_mt" size="2"> </font></h1> <p style="margin: 0in 0in 0pt;" class="StyleHeading3ind2Firstline2ch"><em><font class="_mt" size="2">Series E Cumulative Redeemable Preferred Shares of Beneficial Interest</font></em></p> <p style="margin: 0in 0in 0pt;" class="Heading3"><font style="font-style: normal;" class="_mt"><font class="_mt" size="2"> </font></font></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> Holders of Series E Preferred Shares of beneficial interest are entitled to receive dividends at an annual rate of 7.0% of the liquidation preference of $25.00 per share, or $1.75 per Series E Preferred Share per annum. These dividends are cumulative and payable quarterly in arrears. The Series E Preferred Shares are not convertible into, or exchangeable for, any other property or any other security of the Company. We, at our option, may redeem Series E Preferred Shares at a redemption price of $25.00 per share, plus any accrued and unpaid dividends through the date of redemption. The Series E Preferred Shares have no maturity date and will remain outstanding indefinitely unless redeemed by us.</font></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> </font></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> </font></p> <p style="margin: 0in 0in 0pt;" class="BLDHEADII"><font class="_mt" size="2"> </font></p> <p style="margin: 0in 0in 0pt;" class="StyleHeading3ind2Firstline2ch"><em><font class="_mt" size="2">Series F Cumulative Redeemable Preferred Shares of Beneficial Interest</font></em></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> </font></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> Holders of Series F Preferred Shares of beneficial interest are entitled to receive dividends at an annual rate of 6.75% of the liquidation preference of $25.00 per share, or $1.6875 per Series F Preferred Share per annum. These dividends are cumulative and payable quarterly in arrears. The Series F Preferred Shares are not convertible into, or exchangeable for, any other property or any other security of the Company. We, at our option, may redeem Series F Preferred Shares at a redemption price of $25.00 per share, plus any accrued and unpaid dividends through the date of redemption. The Series F Preferred Shares have no maturity date and will remain outstanding indefinitely unless redeemed by us.</font></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> </font></p> <p style="margin: 0in 0in 0pt;" class="StyleHeading3ind2Firstline2ch"><em><font class="_mt" size="2">Series G Cumulative Redeemable Preferred Shares of Beneficial Interest</font></em></p> <p style="text-align: justify; margin: 0in 0in 0pt;" class="MsoNormal"><font class="_mt" size="2"> </font></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> Holders of Series G Preferred Shares of beneficial interest are entitled to receive dividends at an annual rate of 6.625% of the liquidation preference of $25.00 per share, or $1.656 per Series G Preferred Share per annum. These dividends are cumulative and payable quarterly in arrears. The Series G Preferred Shares are not convertible into, or exchangeable for, any other property or any other security of the Company. We, at our option, may redeem Series G Preferred Shares at a redemption price of $25.00 per share, plus any accrued and unpaid dividends through the date of redemption. The Series G Preferred Shares have no maturity date and will remain outstanding indefinitely unless redeemed by us.</font></p> <p style="margin: 0in 0in 0pt;" class="MsoNormal"><font class="_mt" size="2"> </font></p> <p style="margin: 0in 0in 0pt;" class="StyleHeading3ind2Firstline2ch"><em><font class="_mt" size="2">Series H Cumulative Redeemable Preferred Shares of Beneficial Interest</font></em></p> <p style="margin: 0in 0in 0pt;" class="MsoNormal"><font class="_mt" size="2"> </font></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> Holders of the Series H Preferred Shares of beneficial interest are entitled to receive dividends at an annual rate of 6.75% of the liquidation preference of $25.00 per share, or $1.6875 per Series H Preferred Share per annum. The dividends are cumulative and payable quarterly in arrears. The Series H Preferred Shares are not convertible into, or exchangeable for, any other property or any other security of the Company. On or after June 17, 2010 (or sooner under limited circumstances), we, at our option, may redeem Series H Preferred Shares at a redemption price of $25.00 per share, plus any accrued and unpaid dividends through the date of redemption. The Series H Preferred Shares have no maturity date and will remain outstanding indefinitely unless redeemed by us.</font></p> <p style="margin: 0in 0in 0pt;" class="MsoNormal"><font class="_mt" size="2"> </font></p> <p style="margin: 0in 0in 0pt;" class="StyleHeading3ind2Firstline2ch"><em><font class="_mt" size="2">Series I Cumulative Redeemable Preferred Shares of Beneficial Interest</font></em></p> <p style="margin: 0in 0in 0pt;" class="MsoNormal"><font class="_mt" size="2"> </font></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> Holders of the Series I Preferred Shares of beneficial interest are entitled to receive dividends at an annual rate of 6.625% of the liquidation preference of $25.00 per share, or $1.656 per Series I Preferred Share per annum. The dividends are cumulative and payable quarterly in arrears. The Series I Preferred Shares are not convertible into, or exchangeable for, any other property or any other security of the Company. On or after August 31, 2010 (or sooner under limited circumstances), we, at our option, may redeem Series I Preferred Shares at a redemption price of $25.00 per share, plus any accrued and unpaid dividends through the date of redemption. The Series I Preferred Shares have no maturity date and will remain outstanding indefinitely unless redeemed by us.</font></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> </font></p> <p style="margin: 0in 0in 0pt;" class="Heading3ind2"><em><font class="_mt" size="2">Accumulated Other Comprehensive Income</font></em></p> <p style="margin: 0in 0in 0pt;" class="MsoNormal"><font class="_mt" size="2"> </font></p> <p style="margin: 0in 0in 0pt;" class="Bodytext"><font class="_mt" size="2"> Accumulated other comprehensive income (loss) was $28,449,000 and ($6,899,000) as of December 31, 2009 and 2008, respectively, and primarily consists of accumulated unrealized (loss) income from the mark-to-market of marketable equity securities classified as available-for-sale.</font></p> </div><!-- body --></div></div> </div> </NonNumbericText> |
| <NonNumericTextHeader> 9. Shareholders’ Equity Common Shares In April 2009, we sold 17,250,000 common shares, including </NonNumericTextHeader> |
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