BRE Properties calls 6.75% series D preferreds for redemption Feb. 20

By Toni Weeks

San Luis Obispo, Calif., Jan. 21 - BRE Properties, Inc. has issued a notice of redemption to all holders of record of its outstanding 6.75% series D cumulative redeemable preferred stock, according to a press release.

The $25.23438 redemption price is equal to par of $25 per share plus accrued dividends through the redemption date, which will be Feb. 20.

There are 2,159,715 of the series D preferreds outstanding, the release noted.

Wells Fargo Bank is the redemption agent.

The real estate investment trust for apartment communities is based in San Francisco.

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