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BB&T to redeem all $55.38 million of its 8.5% preferreds on Sept. 12
By Tali David
Minneapolis, Aug. 13 - BB&T Corp. called all $55,375,000 of its BBC Capital Trust II 8.5% trust preferred securities, according to an 8-K filed with the Securities and Exchange Commission.
The preferreds will be redeemed at $25 each plus accrued distributions on Sept. 12.
Wilmington Trust Co. is the trustee.
BB&T is a financial services company based in Winston-Salem, N.C.
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