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HSBC Bank Canada to redeem all C$250 million of series E preferreds
By Tali Rackner
Norfolk, Va., May 16 - HSBC Bank Canada plans to redeem all C$250 million of its non-cumulative five-year rate reset class 1 preferred shares, series E, according to a press release.
The 10 million shares will be redeemed for cash at a price of C$25 per share on June 30.
Separately from the redemption price, the final quarterly dividend of C$0.4125 per share will be paid in the usual manner on June 30 to shareholders of record on June 13, the release said.
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