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Article: First Capital Holdings Corp. to redeem $2.0625 cumulative convertible preferred stock.
- Article from:
- PR Newswire
- Article date:
- October 10, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FIRST CAPITAL HOLDINGS CORP. TO REDEEM $2.0625 CUMULATIVE
CONVERTIBLE PREFERRED STOCK
LOS ANGELES, Oct. 10 /PRNewswire/ -- First Capital Holdings Corp. (NYSE: FCH) today announced that it has called for redemption on Nov. 10, 1989, all of its Series A $2.0625 Cumulative Convertible Preferred Stock at $26.65 per share.
The Preferred Stock is convertible until the close of business New York City time on Nov. 9, 1989 at a conversion price of $8.40 per share (equivalent to a conversion rate of 2.9762 shares of Common Stock for each share of Preferred Stock) with cash to be paid for any fractional shares. Thereafter, the right to ...