Dow Jones
NEW YORK - Bankers Trust Corp. will redeem all its shares of adjustable rate cumulative preferred stock series Q and R on Sept. 28 for $2,500 a share.
In a press release Monday, the company said it will also redeem 7.75% of its series S cumulative preferred stock, also for $2,500 a share. The stock is represented by depository shares, each representing one-hundredth interest in the respective preferred shares.
Preferred shareholders will also receive accrued dividends for 27 days from the redemption date of $9.71 a share for series Q, $9.65 a share for series R shares and $14.53 for series S.
Each of the series Q, R and S will be paid separately, and dividends will stop accruing on Sept. 28.
Bankers Trust is a unit of Deutsche Bank AG.
