Terra Industries converts 500 of its 4.25% preferreds to common stock

By Devika Patel

Knoxville, Tenn., March 15 - Terra Industries Inc. converted 500 of its 4.25% series A cumulative convertible perpetual preferred shares into a total of 60,241 common shares on March 15, according to an 8-K filed Monday with the Securities and Exchange Commission.

Each preferred was converted into 120.4819 shares of Terra common stock.

Terra Industries makes nitrogen products and is based Sioux City, Iowa.

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