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Published on 5/13/2010 in the Prospect News High Yield Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Associated Estates to redeem its 7.92% trust preferred securities

By Devika Patel

Knoxville, Tenn., May 13 - Associated Estates Realty Corp. said it will redeem all of its outstanding 7.92% trust preferred securities at par plus interest to June 30, the redemption date.

Associated Estates is a Richmond Heights, Ohio-based real estate investment trust.


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