TORONTO, June 13, 2012 /CNW/ - Crown Hill Capital Corporation (the "Administrative Agent") the administrative agent of Financial Preferred Securities Corporation (the "Company") announces that the redemption of all of the issued and outstanding preferred shares of the Company (the "Preferred Shares"), except for one Preferred Share, will be effective today.
The net asset value redemption price per Preferred Share determined at the open of business today is $13.72 (the "Redemption Price") which is equal to 100% of the net asset value per Preferred Share. The Redemption Price will be paid on June 14, 2012.
Trading of the Preferred Shares was halted today at the opening of the Toronto Stock Exchange and the Preferred Shares will be delisted at the close today.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information.
For further information:
Investor Relations department at 416.361.9673 or toll-free at 1.877.261.9674