Omnicare’s series A, B trust Piers accrue contingent interest

By Angela McDaniels

Tacoma, Wash., Oct. 29 – Omnicare, Inc.’s series A and series B trust preferred income equity redeemable securities will accrue contingent interest from Sept. 15 to Dec. 14 in addition to regular cash interest, according to a company news release.

The contingent interest rate amount is $0.097 per $50 stated liquidation amount of trust Piers. This is equal to 0.125% of the average trading price of the trust Piers for the five trading days ended Sept. 11.

The contingent interest amount is expected to be paid on Dec. 15 to holders of record as of Dec. 12.

Omnicare is a Cincinnati-based provider of pharmaceutical services.

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