Torchmark Corporation MediaRoom
News Releases

<< [Back to News Releases]

Torchmark and Torchmark Capital L.L.C. Announce Partial Redemption of MIPS

PRNewswire
Mar 26, 2001

BIRMINGHAM, Ala., March 26 /PRNewswire/ -- Torchmark Corporation (NYSE: TMK) and its special purpose finance subsidiary, Torchmark Capital L.L.C. (NYSE: TMKPRM) announced today that Torchmark Capital will redeem 2 million shares of its 9.18% Cumulative Monthly Income Preferred Securities, Series A (MIPS) on April 30, 2001. There are 8 million shares currently outstanding. The redemption price will be $25 per share plus the accrued and unpaid dividend payment to April 30, 2001 of $.19125 per share, for a total payment of $25.19125 per share. Because all the MIPS are held through the Book-Entry Only Issuance System at Depository Trust Company (DTC), DTC will determine the securities to be redeemed and will notify holders.

SOURCE: Torchmark Corporation

Contact: Joyce Lane of Torchmark Corporation, 972-569-3627, or
jlane@torchmarkcorp.com

Website: http://www.torchmarkcorp.com/

Company News On-Call: http://www.prnewswire.com/comp/885425.html or fax,
800-758-5804, ext. 885425


email Email Page   print Print

Key Contacts

Mike Majors
Vice President, Investor Relations
(972) 569-3627
tmkir@torchmarkcorp.com

more >

Latest Feature

  Powered by MediaRoom