Bank of Beirut to redeem Series D preferred shares

Bank of Beirut said that it plans to redeem all its Series D preferred shares on December 28. The share will be de-listed from the Beirut Stock Exchange on December 21, which will be its last day of trading. Series D preferred shares currently trades at the BSE at $26 per share.
Bank of Beirut issued four million redeemable, non-cumulative perpetual Series D Preferred Shares in 2007. The issue price was $25 per share.