UBS to redeem Preferred Funding Trust IV preferreds on June 15

By Tali Rackner

Norfolk, Va., May 10 – UBS Group AG will redeem the $300 million liquidation preference of outstanding floating-rate noncumulative trust preferred securities issued by UBS Preferred Funding Trust IV, according to a press release.

The trust preferreds will be repaid on June 15 at their liquidation preference plus unpaid dividends for the current dividend period and any unpaid definitive dividends from earlier periods.

Wilmington Trust Co. is the paying agent.

UBS is a provider of financial services based in Zurich and Basel, Switzerland.

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