SAN DIEGO, Feb. 9, 2010 (GLOBE NEWSWIRE) — Priority Capital Group and Pacific Office Properties Trust, Inc. (NYSE Amex:PCE) today announced commencement of the public offering of $400 million of Pacific Office senior common stock. The senior common stock, priced at $10 per share, offers a cumulative dividend of 7.25%, declared daily and paid monthly, plus the potential for dividend increases that are triggered by increases in the Pacific Office listed common stock dividend.
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Priority Capital Group Announces Pacific Office Properties Senior Common Stock
