Union Pacific Announces Annual Distribution of Interest on Certain Bonds and Debentures.
OMAHA Omaha, city, United States
Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb. -- Union Pacific Railroad Union Pacific Railroad, transportation company chartered (1862) by Congress to build part of the nation's first transcontinental railroad line. Under terms of the Pacific Railroads Act, the Union Pacific was authorized to build a line westward from Omaha, Nebr. Company announced today that it has determined the contingent interest contingent interest n. an interest in real property which, according to the deed (or a will or trust), a party will receive only if a certain event occurs or certain circumstances happen. and sinking fund payments due in respect of Available Net Income for 2007 under the terms of certain bonds and debentures originally issued by the Missouri Pacific Railroad The Missouri Pacific Railroad (MoPac; AAR reporting mark MP) was one of the first railroads in the United States west of the Mississippi River. The company merged with Union Pacific in 1982. History
On July 4, 1851, at St. Company (MPRR MPRR Missouri Pacific Railroad ). Union Pacific Railroad Company is required to publicly announce such annual determination. The bonds and debentures were assumed by Union Pacific Railroad Company as a result of the merger of MPRR with and into Union Pacific Railroad Company on January 1, 1997.
On April 1, 2008, Union Pacific Railroad Company will pay contingent interest ($4.75 per $100 principal amount) on each of the Missouri Pacific Railroad Company 4 3/4% General Mortgage Income Bonds Series A Due 2020 and the Missouri Pacific Railroad Company 4 3/4% General Mortgage Income Bonds Series B Due 2030. The Company will also on April 1, 2008, make sinking fund payments of $349,630 and $338,020, respectively, for the Series A and Series B bonds. In addition, on April 1, 2008, Union Pacific Railroad Company will make contingent interest payments ($5.00 per $100 principal amount) for the Missouri Pacific Railroad Company 5% Income Debentures Due 2045.
The close of business on March 28, 2008, has been established as the record date for determining persons owning registered Bonds and Debentures without coupons who are entitled to receive interest. Interest on registered Bonds and Debentures without coupons will be paid by check mailed to the registered holder, as of the record date, at the address indicated in the Trustee's records.
A copy of the 2007 Available Net Income calculation is available for inspection during regular business hours at the Trustee's offices, The Bank of New York Mellon The Bank of New York Mellon Corporation (NYSE: BK), is a global financial services company formed on 1 July 2007 as result of the merger of The Bank of New York and Mellon Financial Corporation. , 2 North LaSalle, Suite 1020, Chicago, IL 60602.