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Saul Centers closes series E share offering, to redeem series C shares

|About: Saul Centers, Inc. (BFS)|By:, SA News Editor

Saul Centers (BFS -0.2%) closes its public offering of 4M depositary shares, each representing 1/100th fractional interest in a share of 6.000% series E cumulative redeemable preferred stock at a price of $25.00 per depositary share.

Calls for the redemption of 4.2M series C depositary shares, each representing 1/100th of a share of 6.875% series C cumulative redeemable preferred stock.

The series C depositary shares will be redeemed for cash on Oct. 17, 2019 at $25.00 per share plus accumulated and unpaid distributions for an aggregate redemption price of $25.07638 per depositary share.

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