Stock Redemption
19 11월 2004 - 1:57AM
UK Regulatory
RNS Number:4137F
Merrill Lynch & Co Inc
18 November 2004
News
Merrill Lynch & Co., Inc.
World Headquarters
4 World Financial Center
New York, NY 10080
For Release: November 17, 2004
Media Relations:
Michael O'Looney
(212) 449-9205
Michael_OLooney@ml.com
Investor Relations:
Tina Madon
(866) 607-1234
Tina_Madon@ml.com
MERRILL LYNCH REDEEMS
9% CUMULATIVE PREFERRED STOCK, SERIES A
AND DEPOSITARY SHARES
New York, November 17, 2004 - Merrill Lynch & Co., Inc. (NYSE: MER) announced
today that it has elected to redeem all of its outstanding shares of 9%
Cumulative Preferred Stock, Series A, par value $1.00 ("Preferred Stock") on
December 30, 2004. Merrill Lynch has also authorized Citibank, N.A., as
Depositary under the Deposit Agreement dated as of November 3, 1994, to
simultaneously redeem all of its outstanding Depositary Shares each representing
1/400th interest in a share of Preferred Stock (CUSIP 590188 81 9) ("Depositary
Shares") on December 30, 2004. The Depositary Shares are listed on the New York
Stock Exchange and trade under the symbol MERPRA.
Preferred Stock will be redeemed at a redemption price of $10,000.00 per share
plus accrued and unpaid dividends, if any. Depositary Shares will be redeemed
at a redemption price of $25.00 per share plus accrued and unpaid dividends, if
any. In accordance with the Deposit Agreement, Citibank, N.A. will mail notice
of redemption to the record holders of the Depositary Receipts, evidencing the
Depositary Shares, on or about November 30, 2004.
If you have any questions regarding the surrender of the Depositary Receipts,
please contact Citibank, N.A. at 1-800-308-7887.
* * * *
Merrill Lynch is one of the world's leading financial management and advisory
companies, with offices in 35 countries and total client assets of approximately
$1.5 trillion. As an investment bank, it is a leading global underwriter of debt
and equity securities and strategic advisor to corporations, governments,
institutions and individuals worldwide. Through Merrill Lynch Investment
Managers, the company is one of the world's largest managers of financial
assets. Firmwide assets under management total $478 billion. For more
information on Merrill Lynch, please visit www.ml.com.
* * * *
Merrill Lynch may make or publish forward-looking statements about management
expectations, strategic objectives, business prospects, investment banking
backlogs, anticipated expense levels and financial results, anticipated results
of litigation and regulatory proceedings, and other similar matters. A variety
of factors, many of which are beyond Merrill Lynch's control, affect the
operations, performance, business strategy and results of Merrill Lynch and
could cause actual results and experiences to differ materially from the
expectations and objectives expressed in these statements. These factors
include, but are not limited to, financial market volatility, actions and
initiatives by current and potential competitors, the effect of current and
future legislation or regulation, and certain other additional factors described
in Merrill Lynch's 2003 Annual Report on Form 10-K and subsequent reports on
Form 10-Q and Form 8-K, which are available on the Merrill Lynch Investor
Relations website at www.ir.ml.com and at the SEC's website, www.sec.gov.
Accordingly, readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date on which they are
made. Merrill Lynch does not undertake to update such statements to reflect the
impact of circumstances or events that arise after the date these statements
were made. Readers should, however, consult any further disclosures Merrill
Lynch may make in its reports filed with the SEC.
# # #
This information is provided by RNS
The company news service from the London Stock Exchange
END
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