Financial Preferred to redeem its outstanding preferreds on June 14

By Tali David

Minneapolis, June 13 - Financial Preferred Securities Corp. will redeem all but one of its issued and outstanding preferred shares, according to a press release.

The preferreds will be redeemed at C$13.72 each, which is equal to 100% of the net asset value per preferred, on June 14.

Crown Hill Capital Corp. is the administrative agent.

Financial Preferred Securities is a Toronto-based investment firm.

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