CFC to Redeem Quarterly Income Capital Securities Issue.HERNDON, Va. -- National Rural Utilities Cooperative Finance Corporation ("CFC CFC See: Controlled foreign corporation ") announced today that it would redeem its entire issue of National Rural Utilities Quarterly Income Capital Securities, Series NRS NRS Nevada Revised Statutes NRS National Runaway Switchboard (Chicago, IL) NRS Natural Reserve System (University of California) NRS National Readership Survey NRS National Relay Service 7.40% (QUICS QUICS Quarterly Income Capital Securities ) at par. The QUICS are identified by the 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 NRS and CUSIP number 637432600. The redemption date is June 1, 2007, and the redemption agent will be DTC DTC See: Depository Transfer Check DTC See: Depository Trust Company DTC See Depository Trust Company (DTC). . The redemption price per share is $25.00 plus accrued distributions of $0.154167. The principal amount of the entire series is $175.0 million. The principal and accrued distributions to the redemption date will be paid from the CFC's available cash. CFC is a not-for-profit finance cooperative that serves the nation's rural utility systems, the majority of which are electric cooperatives and their subsidiaries. With more than $18 billion in assets, CFC provides its member-owners with an assured source of low-cost capital and state-of-the-art financial products and services. |
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