ACE calls all 7.8% cumulative redeemable preferreds

By Devika Patel

Knoxville, Tenn., May 13 - ACE Ltd. announced that, on June 13, it will redeem all $575 million of its 7.8% cumulative redeemable preferred shares series C and the related depositary shares.

The redemption price will be $25 per depositary share plus accumulated distributions up to but excluding the redemption date.

Payment of the redemption amount will be made through the facilities of the Depository Trust Co.

ACE Ltd. is the holding company for the ACE Group of Cos. and is based in Hamilton, Bermuda.

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