Saul Centers to redeem portion of 8% series A cumulative preferreds

By Marisa Wong

Madison, Wis., Jan. 31 - Saul Centers, Inc. called 60% of the outstanding shares of its 8% series A cumulative redeemable preferred stock represented by 2.4 million depositary shares for redemption on March 2.

According to a press release, the depositary shares will be redeemed at $25.00 per share plus accumulated distributions through the redemption date, for a total redemption price of $25.3389 per share.

Saul Centers is an equity real estate investment trust based in Bethesda, Md.

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