Radio One calls $110 million High Tides

By Caroline Salls

Pittsburgh, Jan. 31 - Radio One Inc. said it will redeem $110 million of its outstanding 6½% convertible preferred securities in the remarketable term income deferred equity securities (High Tides) structure on Feb. 15.

As of Dec. 31, there were about $310 million of High Tides outstanding.

Radio One is a Washington, D.C.-based radio broadcasting company.

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