General Growth Properties Files A Shelf Prospectus

General Growth Properties Inc (NYSE:GGP) has filed a shelf prospectus for the sale of $440 million shares by current shareholders. The company in its S-3 filing with the Securities and Exchange Commission announced that the prospectus relates solely to the resale of 440,610,621 shares of common stock and 73,928,571 warrants to acquire  common stock. General Growth Properties Inc (NYSE:GGP), however, will not receive any of the proceeds from the sale of common stock shares or the warrants by the selling security holders. The automatic shelf registration statement on Form S-3 filed by General Growth Properties Inc (NYSE:GGP) indicates that the…