Benzinga | Mar 26, 2021 06:09AM EDT

Macerich Announced Through March 25, 2021, the Company has Sold 36M Shares of Common Stock Under At the Market Equity Program at Average Price of $13.54/Share

Today, the Macerich Company (NYSE:MAC, the "Company")) announced certain major capital events and other updates.

Through March 25, 2021, the Company has sold 36.0 million shares of common stock under its "at the market" equity program at a weighted average price of $13.54 per share, generating gross proceeds of approximately $487.3 million. As of March 25, 2021, approximately 1.0 million shares remain available to be issued under the program.