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Fifth Third issues call for $25 million of R&G trust preferreds
By Toni Weeks
San Diego, Sept. 1 - Fifth Third Bancorp has issued a call to redeem $25 million of R&G Capital Trust I floating-rate securities on Oct. 24, according to a filing with the Securities and Exchange Commission.
The company announced on March 18 that the Federal Reserve Board did not object to the potential redemptions of such securities as proposed potential capital actions in Fifth Third's capital plan.
The redemptions will be funded with excess cash.
The financial services company has headquarters in Cincinnati.
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