NASB Financial, Inc. Announces Redemption of Trust Preferred Securities
KANSAS CITY, Mo., April 1, 2024 /PRNewswire/ -- NASB Financial, Inc. (OTCQX: NASB) (the "Company") announced today that NASB Preferred Trust I (the" Trust"), a subsidiary trust of the Company, is redeeming $25 million of outstanding trust preferred securities ("TRUPS"), which constitute all outstanding TRUPS issued by the Trust.
- KANSAS CITY, Mo., April 1, 2024 /PRNewswire/ -- NASB Financial, Inc. (OTCQX: NASB) (the "Company") announced today that NASB Preferred Trust I (the" Trust"), a subsidiary trust of the Company, is redeeming $25 million of outstanding trust preferred securities ("TRUPS"), which constitute all outstanding TRUPS issued by the Trust.
- The securities are being redeemed on April 30, 2024, at the contractual call price of 100% plus any accrued interest payable through the redemption date.
- All related junior subordinated debentures issued by the Company to the Trust will be repaid as part of the redemption transaction.
- ("NASB").