Allbanc Split Corp. has announced:
it has called 1,600 Preferred Shares for cash redemption on March 10, 2009 (in accordance with the Company’s Articles) representing approximately 0.125% of the outstanding Preferred Shares as a result of the special annual retraction of 46,300 Capital Shares by the holders thereof. The Preferred Shares shall be redeemed on a pro rata basis, so that each holder of Preferred Shares of record on March 9, 2009 will have approximately 0.125% of their Preferred Shares redeemed. The redemption price for the Preferred Shares will be $26.75 per share.
Holders of Preferred Shares that are on record for dividends but have been called for redemption will be entitled to receive dividends thereon which have been declared but remain unpaid up to but not including March 10, 2009.
ABK.PR.B was last mentioned on PrefBlog when it revised the policy on Capital Unit dividends. ABK.PR.B is not tracked by HIMIPref™.
This entry was posted on Tuesday, February 24th, 2009 at 7:01 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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ABK.PR.B: Miniscule Call for Redemption
Allbanc Split Corp. has announced:
ABK.PR.B was last mentioned on PrefBlog when it revised the policy on Capital Unit dividends. ABK.PR.B is not tracked by HIMIPref™.
This entry was posted on Tuesday, February 24th, 2009 at 7:01 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.