TPG RE Finance Trust redeems all outstanding series B preferred shares

By Rebecca Melvin

Concord, N.H., June 16 – TPG RE Finance Trust Inc. redeemed all 9 million outstanding shares of its series B preferred stock at an aggregate redemption price of about $247.5 million, according to a company news release.

As a result of the redemption, dividends will no longer accrue or be declared on any of the commercial real estate finance company’s 11% series B cumulative redeemable preferred stock, and no shares of the series remain outstanding.

TPG is based in San Francisco.

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