First BanCorp. to redeem all shares of series A through E preferreds

By Wendy Van Sickle

Columbus, Ohio, Oct. 21 – First BanCorp. will redeem all outstanding shares of its series A through E noncumulative preferred stock, according to a news release.

The preferred include

• 197,386 shares of 7.13% series A preferreds;

• 296,146 shares of 8.35% series B preferreds;

• 249,852 shares of 7.4% series C preferreds;

• 285,522 shares of 7.25% series D preferreds; and

• 415,240 shares of 7% series E preferreds.

The redemption date for each series will be Nov. 30, and in each case the redemption price is $25.00 per share plus accrued dividends.

First BanCorp. is the bank holding company for FirstBank Puerto Rico. It is based in San Juan.

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