New Issue: Treasury auctions $2.95 million of Omega Capital's series A and B TARP preferreds

By Stephanie N. Rotondo

Phoenix, July 12 - The U.S. Department of the Treasury sold via auction $2.95 million of series A and B fixed-rate cumulative perpetual preferred stock issued by Omega Capital Corp. of Lakewood, Colo., according to a press release out Friday.

The preferreds were originally issued to the agency under the Troubled Asset Relief Program. The modified Dutch auction began Monday and ended Thursday.

The Treasury sold 2,816 of the series A preferred shares at $1,142.90 each. Another 165 of the series B preferred shares were sold at $1,311.25 per share.

Total proceeds - all of which will go to the Treasury - came to $3.4 million.

Issuer:	Omega Capital Corp.
Trade date:	July 8-11
Series A fixed-rate cumulative preferred stock
Amount:	$2,816,000, 2,816 shares
Proceeds:	$3,218,406
Maturity:	Perpetual
Price:	$1,142.90
Par:	$1,000
Series B fixed-rate cumulative preferred stock
Amount:	$141,000, or 141 shares
Proceeds:	$184,886
Maturity:	Perpetual
Price:	$1,311.25
Par:	$1,000

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