BRE Properties calls all 8.08% cumulative preferreds

By Jennifer Chiou

New York, Aug. 15 - BRE Properties, Inc. announced the redemption of all of its 8.08% series B cumulative redeemable preferred stock at a redemption price of $25.42644 per share.

The redemption price is equal to the original issue price of $25.00 per share, plus accrued and unpaid dividends to the Sept. 14 redemption date.

BRE Properties is a San Francisco-based real estate investment trust that develops apartment communities in the western United States.

BNY Mellon Shareowner Services LLC is the redemption agent (415 445-6550).

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