Extendicare to redeem preferred shares

By Jennifer Chiou

New York, Aug. 28 - Extendicare Inc. said its board approved the redemption of its class I series 2, 3 and 4 preferred shares and class I series I preferreds.

The Markham, Ont.-based provider of long-term care and related services said the redemption price will C$25.00 per share plus accrued dividends.

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