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Prospect News home > News index > List of issuers I > Headlines for IRT Property Co. > News item
Published on 12/24/2001 in the Prospect News Convertibles Daily.

IRT to redeem 7.3% convertibles due 2003

New York, Dec. 24 - IRT Property Co. said it will redeem its 7.3% convertible subordinated debentures due 2003 at par plus accrued interest.

The redemption date is Jan. 24, 2002. Up until that time, holders can convert their debentures into stock at $11.25 per share. The stock of the Atlanta, Ga. shopping center real estate investment trust closed at $11.11 on Friday.

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