May 24, 2017 / 6:18 PM / 2 months ago

BRIEF-Colony Northstar says board authorized redemption of preferred stock

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May 24 (Reuters) - Colony Northstar Inc :

* Board authorized redemption 2.5 million outstanding shares of its 8.75% series a cumulative redeemable perpetual preferred stock

* Board authorized redemption of 10.1 million outstanding shares of its 8.50% series f cumulative redeemable perpetual preferred stock

* Preferred shares will be redeemed at a cash redemption price of $25.00 per share, plus any accrued and unpaid dividends Source text for Eikon: Further company coverage:

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