Dairy Farmers of America, Inc. Announces Redemption of 7 7/8% Series A Cumulative Preferred Stock Securities – QNT Press Release


Dairy Farmers of America, Inc. (“the company”) announced today that it will redeem all 1,500,000 outstanding shares of the company’s 7 7/8% A-series cumulative preferred stock securities on December 12, 2018, each with a par value of 100.00 USD (“Preferred Securities”) December 30, 2021 (“Redemption Date”).

All preferred securities will be redeemed at a cash redemption price of $100.00 per share, plus any accrued and unpaid dividends (whether declared or not) as of but excluding the redemption date (the “redemption price”). Dividends on preferred securities will cease to accumulate on the redemption date. After the redemption, the preferred securities will no longer be regarded as outstanding, and all rights related to the preferred securities will cease…

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