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Select Income REIT to redeem $350M of senior notes

Select Income REIT is planning an early redemption of its $350.0 million of outstanding 2.85% senior notes due 2018, which it will fund with cash on hand and borrowings under its revolving credit facility.

The redemption price will equate to the principal amount plus accrued and unpaid interest up to but excluding the redemption date and is set to be paid on or about Jan. 2, 2018.