U.S. Bancorp’s Firstar unit calls its 8.875% series B exchangeables

By Rebecca Melvin

Concord, N.H., Dec. 1 – U.S. Bancorp announced that its Firstar Realty LLC subsidiary will redeem on Dec. 31 all of its outstanding 8.875% series B non-cumulative exchangeable preferred shares, according to a company news release on Wednesday.

The redemption price will be equal to the liquidation preference of $1,000 plus accrued dividends to, but excluding, the Dec. 31 redemption date.

Payment for the shares will be made by Computershare Trust Co. NA and Computershare Inc. (800-546-5141) as redemption agent to the Depositary Trust Co.

The financial services company is based in Minneapolis.

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