American Financial Group, Inc. Calls Trust Preferred Securities for Redemption
12 2월 2004 - 4:58AM
PR Newswire (US)
American Financial Group, Inc. Calls Trust Preferred Securities for
Redemption CINCINNATI, Ohio, Feb. 11 /PRNewswire-FirstCall/ --
American Financial Group, Inc. announced today that it has called
for redemption all of the 9-1/8% trust preferred securities issued
by its wholly-owned subsidiary trust, American Financial Capital
Trust I . The trust preferred securities will be redeemed on March
5, 2004 at a price of $25.00, plus accrued and unpaid distributions
of approximately $.32 per share. There are currently $95.5 million
principal amount of the preferred securities outstanding. The funds
to be used for this redemption are part of the net proceeds from
the Company's recent offering of 7-1/8% Senior Debentures due
February 3, 2034. Through the operations of Great American
Insurance Group, AFG is engaged primarily in property and casualty
insurance, focusing on specialized commercial products for
businesses, and in the sale of annuities, life and supplemental
health insurance products. DATASOURCE: American Financial Group,
Inc. CONTACT: Anne N. Watson, Vice President - Investor Relations
of American Financial Group, Inc., +1-513-579-6652 Web site:
http://www.amfnl.com/ http://www.greatamericaninsurance.com/
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