TRUPS Exchange Offer.SAN FRANCISCO--(BUSINESS WIRE)--May 15, 1998--Transamerica Capital III announced that it has extended its offer to exchange its registered 7 5/8% Capital Trust Pass-Through Securities Pass-through securities A pool of fixed income securities backed by a package of assets (i.e., mortgages) where the holder receives the principal and interest payments. Related: Mortgage pass-through security for all outstanding unregistered 7 5/8% Capital Trust Pass-Through Securities from 5:00 p.m. New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, Friday, May 15, 1998 to 5:00 p.m. New York City time on Friday, May 29, 1998. Transamerica Capital III also announced that it has been informed by the Exchange Agent that approximately $189,000,000 aggregate liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy amount of its 7 5/8% Capital Trust Pass-Through Securities had been tendered pursuant to its exchange offer. CONTACT: Transamerica Corporation Transamerica Corporation is a holding company for various life insurance companies and investment firms doing business primarily in the United States. Transamerica began as a holding company controlled by A. P. William H. McClave, 415/983-4087 (Press) James F. McArdle, 415/983-5503 (Investment Community) Web Site: http://www.transamerica.com |
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