ConAgra Foods Announces Redemption of Series B Preferred Securities.OMAHA, Neb. -- ConAgra Foods Inc. (NYSE NYSE See: New York Stock Exchange :CAG CAG 1 Chronic atrophic gastritis 2 Coronary angiography, see there ), one of North America's leading packaged food companies, announced today that its finance subsidiary, ConAgra Capital, L.C., will redeem all 7 million of its Series B Adjustable Rate Cumulative Preferred Securities on Feb. 3, 2005. The Series B preferred securities, the remaining publicly owned securities of ConAgra Capital, are traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CAG PrB. Each of the Series B preferred securities will be redeemed at $25.00 plus accumulated and unpaid dividends of approximately $0.0104, for a total payment of approximately $25.0104 per security, an aggregate redemption price of approximately $175 million. The last regular monthly dividend on the Series B preferred securities will be paid on Jan. 31, 2005 to holders of record as of Jan. 28, 2005. The preferred securities are in book-entry form and will be paid through the Depository Trust Company Depository Trust Company (DTC) DTC is the world's largest central securities depository. It accepts deposits of over 2 million equity and debt securities issues (valued at $23 trillion) from over 65 countries for custody, executes book-entry deliveries (valued at over $116 trillion . Wells Fargo Shareowner Services, 161 N. Concord Exchange, St. Paul, MN 55075, will act as paying agent for the redemption. Questions about the impact of this notice on specific individual or institutional investment accounts should be directed to the financial institution(s) representing those accounts. ConAgra Foods Shareholder Services, at (800) 214-0349, is also available for questions regarding the redemption. ConAgra Foods Inc. (NYSE:CAG) is one of North America's largest packaged food companies, serving consumer grocery retailers, as well as restaurants and other foodservice establishments. Popular ConAgra Foods consumer brands include: ACT II, Armour, Banquet, Blue Bonnet, Brown 'N Serve, Butterball, Chef Boyardee, Cook's, Crunch 'n Munch Crunch 'n Munch is a brand of ConAgra Foods consisting of caramel-coated popcorn and peanuts. Crunch 'n Munch currently comes in its original form of Buttery Toffee as well as the added varieties of Caramel and Almond Supreme. , DAVID, Decker, Eckrich, Egg Beaters, Fleischmann's, Golden Cuisine, Gulden's, Healthy Choice, Hebrew National, Hunt's, Kid Cuisine, Knott's Berry Farm Knott's Berry Farm is a brand name of two separate entities: a theme park in Buena Park, California, and a manufacturer of food specialty products (primarily jams and preserves) based in Placentia, California. , La Choy, Lamb Weston, Libby's, Life Choice, Lightlife, Lunch Makers, MaMa Rosa's, Manwich, Marie Callender's, Orville Redenbacher's, PAM, Parkay, Pemmican pemmican (pĕm`ĭkən), a travel food of the Native North American. Slices of lean venison or buffalo meat were sun dried, pounded to a paste, and packed with melted fat in rawhide bags. , Peter Pan, Reddi-wip, Rosarita, Ro*Tel, Slim Jim, Snack Pack, Swiss Miss, Van Camp's, Wesson, Wolf, and many others. For more information, please visit us at www.conagrafoods.com. |
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