PR Newswire: news distribution, targeting and monitoring
2014
See more news releases in Banking & Financial Services  | Real Estate

Saul Centers, Inc. Announces Redemption of All Outstanding Shares of 9% Series B Cumulative Redeemable Preferred Stock Represented by Depositary Shares

Share with Twitter Share with LinkedIn

BETHESDA, Md., Feb. 12, 2013 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) (the "Company") today called for redemption of all outstanding shares of its 9% Series B Cumulative Redeemable Preferred Stock represented by depositary shares, each representing 1/100th of a share of Series B Preferred Stock (the "Depositary Shares", CUSIP: 804395408; NYSE: BFSPrB). The Depositary Shares will be redeemed on March 15, 2013 at $25.00 per share, plus all accumulated and unpaid distributions through the redemption date, for an aggregate redemption price of $25.4265 per share.

The redemptions will be made in accordance with The Depositary Trust Company's procedures. The Depositary Shares shall be surrendered for payment of the redemption price to Continental Stock Transfer & Trust Company, the redemption and paying agent. After the redemption date, dividends will cease to accrue on the Depositary Shares representing interests in Series B Preferred Stock, regardless of whether they were surrendered for payment.

Saul Centers is a self-managed, self-administered equity real estate investment trust headquartered in Bethesda, Maryland.  Saul Centers currently operates and manages a real estate portfolio of 59 community and neighborhood shopping center and mixed-use properties totaling approximately 9.5 million square feet of leasable area.  Over 85% of the Company's cash flow is generated from properties in the metropolitan Washington, DC/Baltimore, MD area.

SOURCE Saul Centers, Inc.



RELATED LINKS
http://www.saulcenters.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release