IRVING, Texas - GTE Delaware, L.P., acting through its General Partner, GTE Corporation, announced it has notified the record holder of its 8-3/4 % Cumulative Monthly Income Preferred Securities, Series B (Cusip 36232E301) that it will redeem the issue on March 6, 2000 at $25.03038 per share. This represents a redemption price of $25.00 per share plus accrued and unpaid dividends in the amount of $0.03038 per share. These securities are currently traded on the New York Stock Exchange under the symbol GTE Pr Y.
The 8-3/4% Cumulative Monthly Income Preferred Securities, Series B are redeemable through The Depository Trust Company only. Questions relating to the redemption of these securities may be referred to 1-800-230-1032.
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