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BankUnited Capital III Calls for Partial Redemption of 9.0% Cumulative Trust Preferred Securities - NYSE: BUFPrC.

Publication: PR Newswire
Publication Date: 20-MAY-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
BankUnited Financial Corporation , parent company of BankUnited, FSB, today announced that it will redeem $41.6 million aggregate liquidation amount of its 9% Junior Subordinated Deferrable Interest Debentures held by its subsidiary, BankUnited Capital III, and BankUnited Capital III will redeem $40 million aggregate liquidation amount of its currently outstanding 9% Cumulative Trust Preferred Securities . BankUnited Capital III will also redeem $1.6 million aggregate liquidation amount of its...

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