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Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item |
Washington REIT buys back $40.8 million 3.875% convertibles at 91
By Jennifer Chiou
New York, July 23 - Washington Real Estate Investment Trust repurchased $40.8 million of its 3.875% convertible notes at an average discounted price of 91 during the quarter ended June 30.
The company said it paid about $37 million for the notes.
With the repurchases, the REIT said it reported a gain of $1.2 million in the second quarter.
Washington is a Rockville, Md.-based REIT that owns, operates and develops properties in the Washington and Baltimore region.
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