Simon Property Group Announces New $2 Billion Common Stock Repurchase Program

INDIANAPOLIS, Feb. 12, 2019 /PRNewswire/ — Simon, a global leader in premier shopping, dining, entertainment and mixed-use destinations, today announced that the Company’s Board of Directors authorized a new common stock repurchase program.  Under the new program, the Company may purchase up to $2 billion of its common stock over the next 24 months, as market conditions warrant.  The shares may be repurchased in the open market or in privately negotiated transactions. This new $2 billion program replaces the previous program that had been scheduled to expire on March 31, 2019 of which approximately $633 million was available.

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