Kingsway completes redemption of $12 million 7½% notes due 2014

By Toni Weeks

San Luis Obispo, Calif., Oct. 15 - Kingsway Financial Services Inc. said subsidiary Kingsway America Inc. completed the redemption of $12 million of its 7½% senior notes due Feb. 1, 2014.

The notes were redeemed at par plus accrued interest of $185,000 on Oct. 15, according to a notice.

Following the transaction, $14,356,000 of the notes remains outstanding.

The Bank of New York Mellon Trust Co., NA is the trustee.

Kingsway is a Mississauga, Ont., property and casualty insurance company.

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