Redemption

Annaly Capital Management, Inc. Announces Redemption of All 18,400,000 Outstanding Shares of 7.50% Series D Cumulative Redeemable Preferred Stock

Monday, November 23, 2020 - 1:00pm

Annaly Capital Management, Inc. (NYSE: NLY), a Maryland corporation (Annaly or the Company), today provided notice to the record holders (the Notice of Redemption) of the Companys 7.50% Series D Cumulative Redeemable Preferred Stock (the Series D Preferred Stock) of the redemption of all 18,400,000 of the issued and outstanding shares of Series D Preferred Stock.

Key Points: 
  • Annaly Capital Management, Inc. (NYSE: NLY), a Maryland corporation (Annaly or the Company), today provided notice to the record holders (the Notice of Redemption) of the Companys 7.50% Series D Cumulative Redeemable Preferred Stock (the Series D Preferred Stock) of the redemption of all 18,400,000 of the issued and outstanding shares of Series D Preferred Stock.
  • The cash redemption amount (the Redemption Amount) for each share of Series D Preferred Stock is $25.00 plus accrued and unpaid dividends to, but not including, the redemption date of December 23, 2020 (the Redemption Date).
  • On the Redemption Date, dividends on the Series D Preferred Stock will cease to accumulate and all rights relating to the Series D Preferred Stock will terminate, except the right to receive the Redemption Amount.
  • The Notice of Redemption and related materials were mailed today to holders of record of the Series D Preferred Stock.

Travis Perkins

Friday, November 20, 2020 - 8:01am

The redemption price shall be determined and notified to holders on the second business day in London prior to the Redemption Date.

Key Points: 
  • The redemption price shall be determined and notified to holders on the second business day in London prior to the Redemption Date.
  • Payment of the redemption monies will be made through Euroclear Bank SA/NV and Clearstream Banking, S.A., in accordance with their standard procedures.
  • Unless otherwise defined herein, defined terms used have the meanings given to them in the Trust Deed.
  • For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Robin Miller, General Counsel & Company Secretary of Travis Perkins plc.

Sinclair Announces Conditional Redemption of 5.625% Notes

Thursday, November 19, 2020 - 12:59pm

829259AR1) (the "Notes") that it intends to redeem, in full, STG's outstanding $550 million aggregate principal amount of Notes on December 4, 2020 (the "Redemption Date").

Key Points: 
  • 829259AR1) (the "Notes") that it intends to redeem, in full, STG's outstanding $550 million aggregate principal amount of Notes on December 4, 2020 (the "Redemption Date").
  • The redemption of the Notes is conditioned upon STG's incurrence of new debt financing generating gross proceeds of at least $550 million (the "Financing").
  • The redemption will be effected in accordance with the terms of the indenture governing the Notes.
  • A notice of redemption may only be made by a notice of redemption provided by STG or the Trustee to the holders of the Notes in accordance with the indenture governing the Notes.

Gabelli Healthcare & WellnessRX Trust to Redeem Its Outstanding 5.875% Series B Cumulative Preferred Shares

Monday, November 16, 2020 - 9:29pm

The Board of Trustees of The Gabelli Healthcare & WellnessRX Trust (NYSE:GRX) (the Fund) authorized the redemption of all outstanding 5.875% Series B Cumulative Preferred Shares (the Series B Preferred).The Series B Preferred Shares will be redeemed at $25.3590278 per share (the Redemption Price), which consists of $25.00 per share (the Liquidation Preference) plus $0.3590278 per share representing accumulated and unpaid dividends and distributions to the redemption date of December 24, 2020 (the Redemption Date).

Key Points: 
  • The Board of Trustees of The Gabelli Healthcare & WellnessRX Trust (NYSE:GRX) (the Fund) authorized the redemption of all outstanding 5.875% Series B Cumulative Preferred Shares (the Series B Preferred).The Series B Preferred Shares will be redeemed at $25.3590278 per share (the Redemption Price), which consists of $25.00 per share (the Liquidation Preference) plus $0.3590278 per share representing accumulated and unpaid dividends and distributions to the redemption date of December 24, 2020 (the Redemption Date).
  • From and after the Redemption Date, the Series B Preferred Shares being redeemed will no longer be deemed outstanding, dividends will cease to accumulate and all the rights of the holders of the Series B Preferred Shares with respect to the Series B Preferred Shares will cease, except the right to receive the Redemption Price, without interest.
  • All of the Series B Preferred Shares are held in book-entry form through the Depository Trust Company ("DTC") and shares will be redeemed in accordance with the procedures of DTC.
  • Payment to DTC for the Series B Preferred Shares will be made by Computershare Trust Company, N.A., as paying agent for this redemption.

GameStop Announces Voluntary Early Redemption of Senior Notes

Tuesday, November 10, 2020 - 9:05pm

This voluntary early redemption covers approximately 63% of the outstanding Notes.

Key Points: 
  • This voluntary early redemption covers approximately 63% of the outstanding Notes.
  • Notes selected for redemption will be redeemed at a redemption price of 100% of their principal amount, plus accrued and unpaid interest up to, but excluding, the redemption date of December 11, 2020.
  • Notes selected for redemption are to be surrendered to the trustee in exchange for the payment of the redemption price as more fully described in the notice of redemption sent to the registered holders of Notes selected for redemption.
  • Jim Bell, GameStops chief financial officer, said, The voluntary early redemption of $125 million in senior notes is consistent with our strategy to take actions that strengthen and enhance our balance sheet, improve our debt profile and optimize our capital structure.

Cameco Completes $400 Million Debenture Offering and Announces Redemption of Senior Debentures Due 2022

Wednesday, October 21, 2020 - 4:45pm

The Series H Debentures were offered on an agency basis by a syndicate of agents led by RBC Capital Markets, TD Securities Inc. and CIBC Capital Markets.

Key Points: 
  • The Series H Debentures were offered on an agency basis by a syndicate of agents led by RBC Capital Markets, TD Securities Inc. and CIBC Capital Markets.
  • Cameco also announced today that it has provided to CDS Clearing and Depository Services Inc. (CDS) and CIBC Mellon Trust Company a notice of redemption for the redemption of all of its outstanding 3.75% Senior Unsecured Debentures, Series E due November 14, 2022 (the Series E Debentures), which redemption will be completed on or about November 20, 2020 (the Redemption).
  • Beneficial holders of the Series E Debentures with questions about the Redemption should contact their respective brokerage firm or financial institution, which holds interests in the Series E Debentures on their behalf.
  • This forward-looking information assumes that the Redemption will be successfully effected in accordance with the redemption provisions of the Indenture.

UMH PROPERTIES, INC. COMPLETES ITS REDEMPTION OF ITS SERIES B PREFERRED STOCK

Tuesday, October 20, 2020 - 9:15pm

FREEHOLD, NJ, Oct. 20, 2020 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) today announced that on October 20, 2020, it completed its previously announced redemption of all 3,800,669 issued and outstanding shares of its 8.0% Series B Cumulative Redeemable Preferred Stock (the Series B Preferred Stock) (CUSIP 903002301).

Key Points: 
  • FREEHOLD, NJ, Oct. 20, 2020 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) today announced that on October 20, 2020, it completed its previously announced redemption of all 3,800,669 issued and outstanding shares of its 8.0% Series B Cumulative Redeemable Preferred Stock (the Series B Preferred Stock) (CUSIP 903002301).
  • Samuel A. Landy, President and Chief Executive Officer, commented, "UMH is pleased to announce our completion of the redemption of our Series B Preferred Stock.
  • We were in large part able to fund the redemption with our recently created $106 million credit facility with the Federal National Mortgage Association (Fannie Mae).
  • The funding under the new Fannie Mae facility and redemption of the Series B Preferred will result in savings of over $5 million annually.

Citigroup Announces the Acceleration of Ten Series of ETNs

Monday, October 19, 2020 - 12:59pm

Holders of the ETNs will receive a cash payment per ETN in an amount (the Optional Acceleration Redemption Amount) equal to the fixing indicative value of the respective series of ETNs on the Optional Acceleration Valuation Date.

Key Points: 
  • Holders of the ETNs will receive a cash payment per ETN in an amount (the Optional Acceleration Redemption Amount) equal to the fixing indicative value of the respective series of ETNs on the Optional Acceleration Valuation Date.
  • The Optional Acceleration Valuation Date is expected to be October 30, 2020.
  • The Optional Acceleration Redemption Amount is expected to be paid to investors on November 4, 2020.
  • Currently, holders of any series of ETNs who wish to exercise their early redemption right are generally required to redeem a minimum number of ETNs of the same series and may be subject to an early redemption charge.

Citigroup Announces the Early Redemption of Three Series of C-Tracks ETNs

Monday, October 19, 2020 - 12:59pm

Currently, holders of any series of C-Tracks ETNs who wish to exercise their early redemption right are generally required to redeem a minimum number of C-Tracks ETNs of the same series and may be subject to an early redemption charge.

Key Points: 
  • Currently, holders of any series of C-Tracks ETNs who wish to exercise their early redemption right are generally required to redeem a minimum number of C-Tracks ETNs of the same series and may be subject to an early redemption charge.
  • After the close of trading on October 19, 2020, Citigroup and CGMHI will irrevocably waive the required minimum redemption amount and the early redemption charge for the respective C-Tracks ETNs.
  • As described in the pricing supplements for DIVC and MLPC, Citigroup discontinued further issuances of DIVC and MLPC in 2015.
  • The amount paid upon redemption will be based on the closing indicative value of the ETNs and will not reflect any premium.

Huntington Ingalls Industries, Inc. Announces Redemption of 5.000% Notes Due 2025

Friday, October 16, 2020 - 1:30pm

NEWPORT NEWS, Va., Oct. 16, 2020 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries, Inc. (NYSE: HII) today announced that it has given notice of the redemption of its outstanding 5.000% senior unsecured notes due 2025 (the 2025 Notes).

Key Points: 
  • NEWPORT NEWS, Va., Oct. 16, 2020 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries, Inc. (NYSE: HII) today announced that it has given notice of the redemption of its outstanding 5.000% senior unsecured notes due 2025 (the 2025 Notes).
  • As of Oct. 16, 2020, approximately $600 million in aggregate principal amount of the 2025 Notes is outstanding.
  • In accordance with the terms of the indenture governing the 2025 Notes, they will be redeemed on Nov. 15, 2020 (the Redemption Date) for an aggregate redemption price equal to 102.5% of the principal amount of the 2025 Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date.
  • The Bank of New York Mellon, the trustee for the 2025 Notes, is delivering a Notice of Redemption to all registered holders of the 2025 Notes today.