Kingsland calls class A, B, C, D and subordinated notes for redemption

By Tali Rackner

Norfolk, Va., Oct. 7 – Kingsland II, Ltd./Kingsland II, Corp. plans to redeem seven classes of their secured notes and some subordinated notes, according to a press release.

The notes will be redeemed on Oct. 21.

The redemption price, equal to the outstanding amount plus accrued interest to the redemption date, is as follows:

• $19,152,191.86 for the class A-1a notes;

• $78,577,436.09 for the class A-1b notes;

• $23,751,745.43 for the class A-1c notes;

• $8,022,429.60 for the class A-2 notes;

• $29,304,254.71 for the class B notes;

• $27,704,167.26 for the class C notes; and

• $6,079,688.87 for the class D notes.

The redemption price for the subordinated notes will be the notes’ proportional share of the amount of the proceeds from the assets, including proceeds created when the lien of the indenture is released, remaining after the redemption of the secured notes and full payment of all expenses of the co-issuers.

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

Kingsland Capital Management LLC manages the portfolio.

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