Saul Centers files $140 million shelf registration

By Devika Patel

Knoxville, Tenn., Feb. 29 - Saul Centers Inc. filed a $140 million preferred stock and depositary shares shelf registration in an S-3 filing with the Securities and Exchange Commission.

The preferred stock may be convertible.

Proceeds will be used for debt repayment, acquisitions development, working capital and general corporate purposes.

Saul Centers is a Bethesda, Md.-based real estate investment trust that specializes in shopping centers.

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