Dairy Farmers announces redemption of 7 7/8% series A preferreds

By William Gullotti

Buffalo, N.Y., Nov. 29 – Dairy Farmers of America Inc. announced it will redeem all of its outstanding $150 million 7 7/8% series A cumulative preferred equity securities on Dec. 30, according to a press release on Monday.

The 1.5 million outstanding shares will be redeemed at their par value of $100 per share plus any accrued and unpaid dividends up to, but not including, the redemption date.

Computershare Trust Co. NA is serving as redemption agent.

Dairy Farmers is a Kansas City, Kan.-based national milk marketing cooperative.

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