Ahmanson to Redeem its Preferred Stock, Series C.

IRWINDALE, Calif.--(BUSINESS WIRE)--Jan. 6, 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, announced that on March 2, 1998, it will redeem at par its $195 million, 8.40% 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. .

First Chicago Trust Co. of New York will serve as the redemption agent for this issue. The redemption agent's mailing address is First Chicago Trust Co. of New York, Tenders & Exchanges, Suite 4660, P.O. Box 2565, Jersey City, N.J. 07303-2565.

Chairman and Chief Executive Officer Charles R. Rinehart said: "This action is consistent with our efforts to increase shareholder value through prudent capital management. The redemption of this expensive preferred stock 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."

Home Savings of America, with assets of more than $46 billion, is one of the nation's largest full-service consumer and small business banks. It currently operates 301 retail branches in California and 44 in Texas, as well as 125 mortgage lending offices in 13 states. -0-

Note to Editors: For past news releases and investor relations information, go to http://www.businesswire.com/cnn/ahm.shtml

CONTACT: H.F. Ahmanson & Co., Irwindale

Mary Trigg, 626/814-7922 (media)

Steve Swartz, 626/814-7986 (investors)

COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Publication:	Business Wire
Date:	Jan 6, 1998
Words:	220
Previous Article:	Qwest Secures $260 Million Capacity and Services Sale; Takes 19.99 Percent Equity Ownership in AGIS; Qwest Provides SONET Backbone To AGIS.
Next Article:	King World Reports First Quarter Results.
Topics:	Bank holding companies Securities

Related Articles
Ahmanson announces new stock repurchase program; additional $150 million authorized; Preferred Stock Series B to be redeemed.
BankAmerica to Redeem All 11.25 Million Shares of Series H Preferred Stock at $25 Per Share.
BankAmerica to Redeem All 14.6 Million Shares of Series K Preferred Stock at $25 Per Share.
BankAmerica declares dividend, announces redemption of all outstanding depositary shares of 8.16% Cumulative Preferred Stock, Series L.
BankAmerica to Redeem All Outstanding Depositary Shares of 8-1/2% Cumulative Preferred Stock, Series N.
Ahmanson Declares Quarterly Dividends.
Citicorp To Redeem Preferred Stock, Series 2 and 3.
BUSINESS NOTES.