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Prospect News home > News index > List of issuers B > Headlines for BRE Properties Inc. > News item
Published on 8/4/2009 in the Prospect News Convertibles Daily.

BRE Properties buys back $40 million of 4.125% convertibles at 89.3

By Susanna Moon

Chicago, Aug. 4 - BRE Properties, Inc. said it repurchased $40 million of its 4.125% convertible notes at an average price of 89.3% of par.

The buyback resulted in a net gain of $3.4 million for the quarter ended June 30.

BRE Properties is a San Francisco-based real estate investment trust that owns and manages apartment communities.


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