Chemed says 417,256 trust preferreds converted ahead of redemption

Pittsburgh, May 27 - Chemed Corp. said 417,256 of its 518,538 preferred securities were converted into stock before redemption of the preferreds was completed May 17.

The remaining securities were redeemed for $2.7 million.

Roto-Rooter Inc. said April 7 that it would redeem the preferreds, issued by Chemed Capital Trust, on May 18 at par of $27 plus accured distributions of $0.35.

Chemed is a Cincinnati-based provider of hospice care services through its Vitas Healthcare Corp. subsidiary.

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