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I need to dig into this and read the transcript, if it's available. The stock has really perked up here recently after being slammed. Tower REITs have done pretty well, huh? Now CLNY wants a piece of that as well as other pies.

If they're not going to redeem those preferreds, the B series at an 8%+ yield could hang out there for quite some time. It looked like they were on the verge of redeeming those.

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