Financial Preferred Securities Corporation
TSX : FPR.PR.A

Financial Preferred Securities Corporation

December 07, 2007 13:25 ET

Financial Preferred Securities Corporation Announces Redemption Amount

CALGARY, ALBERTA--(Marketwire - Dec. 7, 2007) - Financial Preferred Securities Corporation (TSX:FPR.PR.A)announces the redemption price of $18.90 Cdn per share in respect of the most recent redemption date of November 30, 2007. The redemption amount will be paid to redeeming unitholders on December 21, 2007, the 15th business day in December.

Shares of Financial Preferred Securities Corporation may be surrendered for redemption in November of any year, but must be surrendered at least 20 business days prior to the redemption date. Shares surrendered for redemption are redeemed on the redemption date at a redemption price per unit equal to the Net Realized Proceeds per share calculated as of the annual redemption date.

For the redemption date of November 30, 2007, approximately 14% of the outstanding shares were tendered for redemption representing 235,462 units. The net asset value on November 30, 2007 was also $18.90 per share.

Contact Information

  • Financial Preferred Securities Corporation
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    1-877-261-9674
    Website: www.citadelfunds.com