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| Boddie-Noell Properties, Inc. Completes Buy Back of Common Stock |
CHARLOTTE, N.C., Jan. 20 /PRNewswire/ -- Boddie-Noell Properties, Inc. (Amex: BNP) has completed its previously announced share buy back program. The company has purchased a total of 300,000 shares of its common stock at an average "all-in" cost, including transaction costs, of $9.125 per share. BNP now has 5,706,950 shares of common stock and 7,422,643 total shares and UpREIT units outstanding. More information may be obtained by calling the company's Corporate Offices at (704) 944-0100 or on the Internet through the company website at http://www.bnproperties.com . Information requests may be e-mailed to the investor relations department at investor.relations@bnproperties.com .SOURCE Boddie-Noell Properties, Inc.
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CONTACT:
Philip S. Payne, Executive Vice President &
CFO of Boddie-Noell Properties, Inc., 704-944-0100, or fax,
704-944-2039
