Aon Dividend and Preferred Stock Redemption Announcement.CHICAGO--(BUSINESS WIRE)--Sept. 19, 1997--Aon Corporation (Aon) today declared its quarterly cash dividend of $0.26 per share of common stock. The cash dividend is payable on November 17, 1997 to common stockholders of record as of the close of business on November 4, 1997. Aon also announced its intention to exercise its right to redeem all of its 8% Cumulative Perpetual 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. (the "8% Preferred Stock") (NYSE NYSE See: New York Stock Exchange ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "AOC AOC, n an acronym for the Aromatherapy Organizations Council. PrA") on November 3, 1997 (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. ") at a redemption price of $25.00 per share plus all dividends accrued and unpaid up to the Redemption Date. The redemption agent will be First Chicago Trust Company of New York, Attn: Tenders & Exchanges, 14 Wall Street, 8th Floor, Suite 4680, New York, New York, 10005. Notices to holders of the 8% Preferred Stock will be sent no less than 30 days prior to the Redemption Date. Aon is an insurance services holding company that comprises a family of insurance brokerage, consulting and consumer insurance companies. Aon securities are listed on the New York, Chicago, and London stock exchanges. CONTACT: Aon Corporation, Chicago John F. Roskopf, 312/701-3983 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion