Xerox Capital redeems all of its Canadian preferreds

By Lisa Kerner

Erie, Pa., Feb. 28 - Xerox Capital LLC said it has redeemed all of its issued and outstanding Canadian deferred preferred shares, series A.

The company paid a redemption amount of C$45.23 for each share, which includes the original issue price of C$25 per share plus a dividend premium of C$20.23 per share.

The total redemption price for all redeemed shares was approximately C$90.5 million.

The shares will be delisted from the Toronto Stock Exchange effective Feb. 28, according to a company news release.

Xerox will apply to the securities commissions of each province to cease to be a reporting issuer.

Xerox Capital LLC, based in Toronto, is a limited life company organized under the laws of the Turks & Caicos Islands.

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