VORNADO REALTY TRUST | 2013 | FY | 3

(Amounts in thousands, except share and Balance as of Shares Outstanding at Per Share Annual
per share amounts) December 31, December 31, Liquidation Dividend
Preferred Shares 2013 2012 2013 2012 Preference Rate(1)
Convertible Preferred:                
 6.5% Series A: authorized 83,977 shares(2) $ 1,592 $ 1,682  32,807  34,609 $ 50.00 $ 3.25
Cumulative Redeemable:                
 6.625% Series G: authorized 8,000,000 shares(3)   193,135   193,135  8,000,000  8,000,000 $ 25.00 $ 1.65625
 6.625% Series I: authorized 10,800,000 shares(3)   262,379   262,379  10,800,000  10,800,000 $ 25.00 $ 1.65625
 6.875% Series J: authorized 9,850,000 shares(3)   238,842   238,842  9,850,000  9,850,000 $ 25.00 $ 1.71875
 5.70% Series K: authorized 12,000,000 shares(3)   290,971   290,971  12,000,000  12,000,000 $ 25.00 $ 1.425
 5.40% Series L: authorized 12,000,000 shares(3)   290,306   -  12,000,000  - $ 25.00 $ 1.35
 6.75% Series F: authorized 6,000,000 shares   -   144,720  -  6,000,000 $ 25.00 $ 1.6875
 6.75% Series H: authorized 4,500,000 shares   -   108,549  -  4,500,000 $ 25.00 $ 1.6875
   $ 1,277,225 $ 1,240,278  52,682,807  51,184,609      
                  
                  
(1)Dividends on preferred shares are cumulative and are payable quarterly in arrears.
                  
(2)Redeemable at our option under certain circumstances, at a redemption price of 1.4334 common shares per Series A Preferred Share plus accrued and unpaid dividends through the date of redemption, or convertible at anytime at the option of the holder for 1.4334 common shares per Series A Preferred Share.
                  
(3)Redeemable at our option at a redemption price of $25.00 per share, plus accrued and unpaid dividends through the date of redemption.
                  
  

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