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News Breaks
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December 15, 2011
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| 11:07 EDT |  | FSP |
| theflyonthewall.com: | Franklin Street sees $375K-$425K Q4 charge on exit of business | | Franklin Street Properties announced that its broker-dealer subsidiary, FSP Investments, will no longer sponsor the syndication of shares of preferred stock in newly-formed single property companies. FSP Investments will, however, continue to provide investor relations services to existing single property companies and will be authorized to sponsor the syndication of any additional shares of preferred stock in existing single property companies. FSP anticipates taking a charge of between $375,000-$425,000 to earnings in Q4 to reflect costs associated with this event. :theflyonthewall.com |
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