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Bank of Beirut to redeem Series D preferred shares
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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.
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Date Posted: Oct 01, 2012