TruPS issuers to redeem two classes of notes in full on Nov. 12

By Sarah Lizee

Olympia, Wash., Oct. 29 – TruPS Financials issuers Trust Preferred Insurance Note Securitization 2016-1, Ltd. and Trust Preferred Insurance Note Securitization 2016-1, LLC said holders of a majority of its preferred shares have directed an optional redemption of the notes in full from sale proceeds.

The following notes will be redeemed on Nov. 12:

• $75,110,133.77 of class A notes for a redemption price of $75,285,285.09; and

• $18 million of the class B notes for a redemption price of $18,057,374.68.

U.S. Bank NA is the trustee.

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