XL Capital to redeem all 7 5/8% series B preference shares

By Devika Patel

Knoxville, Tenn., Oct. 12 - XL Capital Ltd. announced it was redeeming all of its outstanding 7 5/8% series B preference ordinary shares.

The redemption date is Nov. 19 and the redemption price will be $25.26 per share.

The company expects to pay $290,483,810.76 to redeem all of the notes.

XL Capital is a Hamilton, Bermuda-based insurance and reinsurance company.

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