Boston Private buys back $9.1 million of convertible trust preferreds

By Marisa Wong

Madison, Wis., Feb. 1 - Boston Private Financial Holdings, Inc. repurchased 182,300 shares of convertible trust preferred securities issued by Boston Private Capital Trust I totaling $9.1 million, according to an 8-K filed with the Securities and Exchange Commission.

The shares were repurchased on Jan. 31 for about $8.3 million.

The company said it may, from time to time, make additional repurchases of the trust preferreds.

Boston Private is a Boston-based financial services company.

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