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Published on 4/8/2013 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

PNC Financial Services calls $30 million of MMCapS capital securities

By Tali David

Minneapolis, April 8 - PNC Financial Services Group, Inc. plans to redeem all $30 million of its MMCapS capital securities issued by Fidelity Capital Trust III, according to an 8-K filed with the Securities and Exchange Commission.

The securities will be redeemed at a redemption price equal to $1,000 per capital security plus accrued dividends on May 23.

PNC is a Pittsburgh-based bank and holding company.


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