|
We Have Recently Made Changes to Our Website, If you are unable to find something Specific, Please Search Below
Merrill Lynch Redeems 9% Cumulative Preferred Stock, Series A and Depositary Shares
Publish Date : 11/18/2004 11:59:00 AM Source : Business News Onlypunjab.com
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.
|