B.F. Saul to redeem 7½% series B notes

By Devika Patel

Knoxville, Tenn., Dec. 9 - B.F. Saul Real Estate Investment Trust will call for redemption its 7½% series B senior secured notes due 2014, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company plans to call the notes prior to the closing of a purchase agreement recently reached with a group of shareholders. The agreement is expected to close in the first quarter of 2009.

B.F. Saul is a Bethesda, Md., real estate investment trust.

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