RA Holding to redeem another $15 million of class A preferred shares

By Mary-Katherine Stinson

Lexington, Ky., May 9 – RA Holding Corp. said it will redeem $15 million, or 3.1%, of its class A preferred shares that were issued under the second amended joint plan of reorganization of Arcapita Bank BSC, according to a press release Monday.

Shareholders must respond to the e-mail communication dated May 9 from arcapitaclaims@fticonsulting.com to complete required tax forms and verify wire instructions to receive the funds.

The redemption record date is April 29, and distributions are expected as soon as practicable to shareholders who have submitted the proper documentation, the company said.

Following the repayment of the 185,042 shares, RA Holding will have 5,709,171 of the preferreds left outstanding.

RA Holding is the top-level holding company in the group created under the plan of reorganization of Arcapita Bank and its affiliates under Chapter 11 of the U.S. Bankruptcy Code. Arcapita is a Manama, Bahrain-based investment bank.

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