Ahmanson Preferred Stock Series C Call Completed.IRWINDALE, Calif.--(BUSINESS WIRE)--March 3, 1998--H.F. Ahmanson & Co. (NYSE NYSE See: New York Stock Exchange :AHM AHM Automated Hacking Machines AHM All Hands Meeting AHM Academy for Healthcare Management AHM Atom Heart Mother (Pink Floyd album) AHM Airport Handling Manual AHM Acutely Hazardous Material AHM Anti-Helicopter Mine ), parent company of Home Savings of America, today announced that it has completed the redemption of its 8.40 percent Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , Series C, at $25 per Depositary Share, plus accrued and unpaid dividends to and including the redemption date Redemption date The date on which a bond matures or is redeemed. redemption date The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. . As of March 2, 1998, dividends on the Preferred Stock, Series C, will no longer accrue and the depositary shares will no longer be considered outstanding. Ahmanson Vice President and Chief Financial Officer, Kevin M. Twomey, said, "The redemption of the Preferred Stock, Series C will contribute approximately 10 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. to annual earnings. "Consistent with the prior redemption of our Preferred Stock, Series B, and our ongoing program to purchase common stock, the redemption of the Preferred Stock, Series C demonstrates our continued efforts to increase shareholder value through prudent capital management." H.F. Ahmanson & Co., with assets of more than $56 billion, is the parent company of Home Savings of America, one of the nation's largest full-service consumer banks. Home Savings operates 407 branches in California, Florida and Texas and 120 mortgage lending offices in nine states. -0- Additional information, including monthly financial data, about H.F. Ahmanson & Co. and Home Savings of America can be retrieved free of charge using the following services: -- Internet: http://www.investquest.com -- Fax-on-Demand: 614/844-3860 -- On-line BBS (1) (Bulletin Board System) A computer system used as an information source and forum for a particular interest group. They were widely used in the U.S. : 614/844-3868 For past news releases and investor relations information, go to http://www.businesswire.com/cnn/ahm.shtml. CONTACT: H.F. Ahmanson & Co., Irwindale Adrian Rodriguez, 626/814-5169 (media) Robert Patkos, 626/814-7923 (investor) |
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