Co-operators to redeem all C$115 million series D class E preferreds

By Tali Rackner

Norfolk, Va., May 27 - Co-operators General Insurance Co. said it will redeem all 4.6 million outstanding series D class E preference shares, according to a news release.

The shares will be redeemed at C$25 per share, for a total of C$115 million, on June 30.

The regular quarterly dividend of C$0.453125 per share for the period from April 1 to June 30 will be paid on June 30 to holders of record on June 1. The dividend will be paid separately from the redemption price.

Co-operators General is a Canadian-owned multi-product insurance company.

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