WASHINGTON (dpa-AFX) - BRE Properties Inc. (BRE) issued a notice of redemption to redeem all of its outstanding 4.125% Convertible Senior Notes due 2026 on February 21, 2012. Under the terms of the indenture governing BRE Properties, Inc.'s outstanding 4.125% Convertible Senior Notes due 2026, BRE is exercising its right to redeem for cash all of the outstanding Notes, at a Redemption Price equal to 100% of the principal amount of the Notes outstanding, plus accrued and unpaid interest up to, but excluding, February 21, 2012.
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