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Published on 4/7/2006 in the Prospect News Convertibles Daily.

PMI Group files universal shelf

By Angela McDaniels

Seattle, April 7 - The PMI Group Inc. filed a shelf registration for an undisclosed amount of debt securities, according to an S-3ASR filed with the Securities and Exchange Commission.

Covered by the shelf are senior and subordinated debt securities, preferred stock, common stock, depositary shares, warrants, stock purchase contracts and units. Debt securities, preferred stock, warrants and stock purchase contracts may be structured as convertibles.

The Walnut Creek, Calif.-based provider of credit enhancement products will use proceeds for general corporate purposes.


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