The Walt Disney Company Announces Redemption of 7% Quarterly Interest Bonds Due 2031.BURBANK, Calif. -- The Walt Disney Company (NYSE NYSE See: New York Stock Exchange :DIS) announced today that it will redeem all of its outstanding $305 million 7% Quarterly Interest Bonds due 2031 (NYSE Listing DCQ DCQ Daily Contract Quantity (UK Sales Gas) DCQ Walt Disney Co. (stock symbol) , CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. No. 254687304), on November 22, 2006 (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 par ($25 per bond) plus accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. to the Redemption Date. Wells Fargo Bank shall act as the Paying Agent. Redemption payments will be made upon the presentation and surrender of the bonds to the Paying Agent by registered or certified mail at Wells Fargo Bank Minnesota, Corporate Trust Operations, P.O. Box 1517, Minneapolis, Minnesota 55480-1517 or by hand at Wells Fargo Bank Minnesota, Corporate Trust Operations, Northstar East Building, 608 Second Avenue South, 12th Floor, Minneapolis, Minnesota 55402, or by overnight delivery at Wells Fargo Minnesota, Corporate Trust Operations, MAC Code N9303-121, Sixth and Marquette, Minneapolis, Minnesota 55479. The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with four business segments: media networks, parks and resorts, studio entertainment and consumer products. Disney is a Dow 30 company, had annual revenues of nearly $32 billion in its most recent fiscal year, and a market capitalization of $65 billion as of October 23, 2006. |
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