GNC calls 12% series A preferred stock

By Laura Lutz

Des Moines, July 13 - GNC Corp. issued a notice of redemption to holders of its 12% series A exchangeable preferred stock.

The holders were informed that if the company's proposed initial public offering of common stock is closed, GNC will redeem the series A preferred stock on the fifth business day following its completion.

GNC will pay $1,085.71 for each share, plus accumulated dividends.

If the initial public offering is not completed, the series A preferred stock will not be redeemed.

GNC is the parent company of General Nutrition Centers, Inc., a Pittsburgh-based nutritional supplements retailer.

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