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Strategies & Market Trends : Value Investing

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To: Grommit who wrote (32846)	8/9/2010 6:34:35 PM
From: E_K_S	Read Replies (3) of 78748

Hi Grommit- Both LTC Properties & Colonial Properties are redeeming their Cumulative Conv. Preferred shares. 4:14PM LTC Properties announces redemption of 8.5% Series E Cumulative Convertible Preferred Stock and 40% redemption of 8.0% Series F Cumulative Preferred Stock (LTC) 25.25 +0.28 : finance.yahoo.com 4:34PM Colonial Properties announces redemption of all ~4 mln 8 1/8% Series D Cumulative Redeemable Preferred Shares (CLP) 16.68 +0.51 : Co announces that it has authorized the redemption of all of its outstanding 4,004,735 Depositary Shares, each representing 1/10th of an 81/8 percent Series D Cumulative Redeemable Preferred Share, CUSIP 195872403. The redemption date is 9/10/ 2010 and the redemption price will be $25.00/Series D Depositary Share plus accrued and unpaid dividends for the period from 8/1/2010 through and including the redemption date, for an aggregate redemption price per Series D Depositary Share of $25.2257. The redemption price will be paid by the company from the proceeds of sales of shares of its common stock through the company's recently completed $100 million at-the-market program. Colonial Properties Trust Announces Redemption of 8 1/8% Series D Cumulative Redeemable Preferred Shares finance.yahoo.com ------------------------------------------------------------------------- Some of the BDN preferreds were trading at par ($25.00/share) today. I wonder if this is a trend to just pay them off. It appears that it's all debt over 8%. EKS

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