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UBS to redeem 6.243% Preferred Funding Trust V preferreds on May 15
New York, April 12 – UBS Group AG said it will redeem the $1 billion liquidation preference of outstanding 6.243% noncumulative company preferred securities issued by UBS Preferred Funding Trust V.
The trust preferreds will be repaid on May 15 at their liquidation preference plus unpaid dividends for the current dividend period and any unpaid definitive dividends from earlier periods, according to a news release.
UBS is a provider of financial services based in Zurich and Basel, Switzerland.
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