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Host Marriott calls 4.16 million shares of preferreds
Pittsburgh, July 2 - Host Marriott Corp. will redeem all of the outstanding 4.16 million shares of its 10% class A cumulative redeemable preferred stock at a price of $25 per share plus $0.125 per share of dividends accrued from July 15 to the Aug. 3 redemption date, according to a company news release.
The company will pay its regularly scheduled cash dividend on July 15, the release said.
Host Marriott is a Bethesda, Md., lodging real estate company.
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