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BancorpSouth redeeming trust preferred securities

TUPELO — BancorpSouth Inc. reports that BancorpSouth Capital Trust I expects to redeem all of its issued and outstanding 8.15 percent trust preferred securities within the next 60 days. The aggregate principal amount of the outstanding trust preferred securities is $125 million. The trust preferred securities are currently callable at the option of the Tupelo-based bank holding company. The redemption ...

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