BROAD INC. FILES SHELF REGISTRATION STATEMENT
BROAD INC. FILES SHELF REGISTRATION STATEMENT LOS ANGELES, Nov. 21 /PRNewswire/ -- Broad Inc. (NYSE: BRO)
announced that it has filed a shelf registration statement with the Securities and Exchange Commission relating to the offering from time to time of up to $300 million of its debt securities and warrants to purchase debt securities.
The net proceeds from the sale of the securities are expected to be used for general corporate purposes, including the acquisition of life insurance and other assets, investments in portfolio assets and working capital needs. Broad Inc. is a specialty financial services company with approximately $13 billion of assets owned or under management. Through its subsidiaries, Broad Inc. specializes in selling tax- deferred long-term savings products and investments to the expanding pre-retirement savings market, using the name "SunAmerica." A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. -0- 11/21/91 /CONTACT: Jana Waring Greer, senior VP of Broad Inc., 310-445-6532/ (BRO) CO: Broad Inc. ST: California IN: FIN SU: CH -- LA010 -- 5832 11/21/91 11:13 EST
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|Date:||Nov 21, 1991|
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