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Published on 7/9/2010 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

PFGI Capital plans to redeem series A, series B preferreds in August

By Susanna Moon

Chicago, July 9 - PFGI Capital Corp. announced the redemption of its series A preferred stock and series B preferred stock on Aug. 13.

PFGI will pay $25.468229 for each series A preferred, which includes $0.468229 per preferred in accrued dividends from May 18 to the redemption date.

The redemption price of the series B preferreds is $101.208333 per preferred, including $1.208333 per preferred in accrued dividends.

Computershare Trust Co., NA (800 546-5141) is the redemption and paying agent. Holders may also write to Computershare at P.O. Box 43014, Providence, RI 02940-3014.

PFGI is a Maryland corporation and a subsidiary of PNC Bank, NA formed as a real estate investment trust for federal income tax purposes. The company is based in Pittsburgh.


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