Winthrop Realty calls convertible preferreds

New York, Jan. 5 - Winthrop Realty Trust said it will redeem all its outstanding series A cumulative convertible redeemable preferred shares on Feb. 7.

The company will issue 4.92 common shares per preferred share.

Winthrop is able to call the convertibles because its common stock has traded above $5.0824 for 20 out of the last 30 trading days.

The redemption will increase Winthrop's outstanding shares to 40.42 million from 35.58 million.

Winthrop is a Boston-based real estate investment trust.

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