Printer Friendly

THE MUTUAL BENEFIT LIFE INSURANCE COMPANY ISSUES STATEMENT IN RESPONSE TO YESTERDAYS ANNOUNCEMENT BY MUTUAL BENEFIT OVERSEAS BONDHOLDERS

 NEWARK, N.J., Jan. 8 /PRNewswire/ -- The following was released today by Mutual Benefit Life:
 "We are very pleased that a majority of Mutual Benefit Overseas (MBO) bondholders has agreed in principle to support the proposal we will put forth at the Jan. 20, 1993 bondholders meeting. The bondholders' willingness to accelerate the process of transferring the stock of MBO to a special receiver, and to support the termination of MBL as servicer of the MBO portfolio, is a very positive development, since we believe that the proposed resolution is clearly in the best interest of the Mutual Benefit estate."
 -0- 1/8/93
 /CONTACT: Mary Ann Green of Mutual Benefit Life, 201-481-8105/


CO: Mutual Benefit Life Insurance Company ST: New Jersey IN: INS SU:

AH-WB -- NY056 -- 3163 01/08/93 16:29 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 8, 1993
Words:134
Previous Article:MARYLAND $130 MILLION GENERAL OBLIGATION BONDS RATED 'AAA' BY FITCH --FITCH FINANCIAL WIRE --
Next Article:HOUSEHOLD FINANCE $300M 7-5/8 PERCENT SENIOR NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
Topics:


Related Articles
MUTUAL BENEFIT AND BOND TRUSTEES IN AGREEMENT ON RESTRUCTURING 12 ISSUES
GUARANTEE MUTUAL LIFE POLICYHOLDERS OVERWHELMINGLY APPROVE CONVERSION PLAN AT SPECIAL MEETING
NEBRASKA INSURANCE DEPARTMENT ISSUES INITIAL APPROVAL OF GUARANTEE MUTUAL LIFE CONVERSION PLAN
NEBRASKA INSURANCE DEPARTMENT ISSUES FINAL APPROVAL OF GUARANTEE MUTUAL LIFE CONVERSION PLAN
MBL LIFE ASSURANCE CORPORATION: AGREEMENTS REACHED ON TEXAS BONDS
AGREEMENTS REACHED ON BROWARD COUNTY, FLA., BONDS
GUARANTEE MUTUAL LIFE COMPANY FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING
GUARANTEE MUTUAL LIFE COMPANY REJECTS UNSOLICITED EXPRESSION OF INTEREST;
GUARANTEE MUTUAL FILES AMENDED REGISTRATION STATEMENT FOR PUBLIC OFFERING OF THE GUARANTEE LIFE COMPANIES INC.
ALLIED Life's Rating Watch Status Changed to Up from Uncertain by DCR

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters