Amadeusz Juskowiak

Barnett banks of florida bbf redeems stock

Barnett Banks of Florida Inc called for redemption of all outstanding shares of its Series E 425 dlrs cumulative convertible preferred stock

The company said the redemption date will be May 8 1987

Under the terms of the redemption shareholders may convert or redeem their shares The bank said shares may be converted into 225 shares of Barnett common stock if surrenderred by April 23

Shares surrendered after will be redeemed for 5150 dlrs per share plus dividends accured through May 8 the bank said