A description of NNN’s outstanding series of publicly held notes is found under “Debt – Notes Payable – Convertible” and  “Debt – Notes Payable” above. 7.375% Series C Cumulative Redeemable Preferred Stock . In October 2006, NNN issued 3,680,000 depositary shares, each  representing 1/100$^{th}$ of a share of Series C Preferred Stock. In March 2012, NNN redeemed all 3,680,000 outstanding depositary shares, representing interests in its Series C Preferred  Stock. The Series C Preferred Stock was redeemed at $25.00 per depositary share, plus accumulated and unpaid distributions  through the redemption date, for an aggregate redemption price of $25.0768229 per depositary share. The excess carrying  amount of preferred stock redeemed over the cash paid to redeem the preferred stock was $3,098,000 of Series C Preferred  Stock issuance costs. 6.625% Series D Cumulative Redeemable Preferred Stock.  In February 2012, NNN consummated an underwritten public  offering of 11,500,000 depositary shares (including 1,500,000 shares in connection with the underwriters over-allotment), each  representing a 1/100$^{th}$ of a share of Series D Preferred Stock, and received gross proceeds of $287,500,000. In connection with  this offering, the Company incurred stock issuance costs of approximately $9,855,000, consisting primarily of underwriting  commissions and fees, rating agency fees, legal and accounting fees and printing expenses. NNN used these net offering  proceeds to redeem the Series C Preferred Stock for an aggregate redemption price of $92,000,000, excluding accumulated  dividends of $283,000. NNN used the remainder of the net proceeds for general corporate purposes, including repaying  outstanding indebtedness under its Credit Facility. Holders of the Series D depositary shares are entitled to receive, when and as authorized by the Board of Directors, cumulative  preferential cash dividends at the rate of 6.625% of the $25.00 liquidation preference per depositary share per annum  (equivalent to a fixed annual amount of $1.65625 per depositary share). The Series D Preferred Stock underlying the depositary  shares ranks senior to NNN’s common stock with respect to dividend rights and rights upon liquidation, dissolution or winding  up of NNN. The Series D Preferred Stock has no maturity date and will remain outstanding unless redeemed. NNN may  redeem the Series D Preferred Stock underlying the depositary shares on or after September 23, 2017, for cash, at a redemption  price of $2,500.00 per share (or $25.00 per depositary share), plus all accumulated and unpaid dividends. In addition, upon a  change of control, as defined in the articles supplementary fixing the rights and preferences of the Series D Preferred Stock,  NNN may redeem the Series D Preferred Stock underlying the depositary shares at a redemption price of $2,500.00 per share  (or $25.00 per depositary share), plus all accumulated and unpaid dividends, and in limited circumstances the holders of  depositary shares may convert some or all of their Series D Preferred Stock into shares of NNN's common stock at conversion  rates provided in the related articles supplementary. As of February 19, 2014, the Series D Preferred Stock was not redeemable  or convertible. 5.700% Series E Cumulative Redeemable Preferred Stock.  In May 2013, NNN closed an underwritten public offering of  11,500,000 depositary shares (including 1,500,000 shares issued in connection with the underwriters' over-allotment), each  representing a 1/100th interest in a share of Series E Preferred Stock, and received gross proceeds of $287,500,000. In  connection with this offering, the Company incurred stock issuance costs of approximately $9,856,000, consisting primarily of  underwriting commissions and fees, rating agency fees, legal and accounting fees and printing expenses. The Company used  the net proceeds from the offering for general corporate purposes and funding property acquisitions. Holders of the Series E depositary shares are entitled to receive, when and as authorized by the Board of Directors, cumulative  preferential cash dividends at the rate of 5.700% of the $25.00 liquidation preference per depositary share per annum  (equivalent to a fixed annual amount of $1.425 per depositary share). The Series E Preferred Stock underlying the depositary  shares ranks senior to NNN’s common stock with respect to dividend rights and rights upon liquidation, dissolution or winding  up of NNN. The Series E Preferred Stock has no maturity date and will remain outstanding unless redeemed. NNN may redeem  the Series E Preferred Stock underlying the depositary shares on or after May 30, 2018, for cash, at a redemption price of  $2,500.00 per share (or $25.00 per depositary share), plus all accumulated and unpaid dividends. In addition, upon a change of  control, as defined in the articles supplementary fixing the rights and preferences of the Series E Preferred Stock, NNN may  redeem the Series E Preferred Stock underlying the depositary shares at a redemption price of $2,500.00 per share (or $25.00  per depositary share), plus all accumulated and unpaid dividends, and in limited circumstances the holders of depositary shares  may convert some or all of their Series E Preferred Stock into shares of NNN's common stock at conversion rates provided in  the related articles supplementary. As of February 19, 2014, the Series E Preferred Stock was not redeemable or convertible. Common Stock Issuances. In September 2011, NNN filed a prospectus supplement to the prospectus contained in its February  2009 shelf registration statement and issued 9,200,000 shares (including 1,200,000 shares in connection with the underwriters'  over allotment) of common stock at a price of $26.07 per share and received net proceeds of $229,451,000. In connection with  this offering, NNN incurred stock issuance costs totaling approximately $10,393,000, consisting primarily of underwriters' fees  and commissions, legal and accounting fees and printing expenses. The Company used a portion of the net proceeds from the   36