We consider the proposed hybrid capital securities to have "intermediate" equity content until their first
call dates, which are not expected to be before 2018, because they meet our hybrid capital criteria in terms of their subordination, permanence, and optional deferability during this period.
In response to investor requests, Fannie Mae developed this user-friendly tool -- DebtCallTracker -- to allow investors to view, print and download
call dates and actions for callable debt securities in which they have invested.
Headline of release (dated January 25, 2007) should read: Gladstone Investment Announces Third Quarter Earnings Release and Conference
Call Dates (sted: Gladstone Investment Announces Second Quarter Earnings Release and Conference
Call Dates).
has verified the mathematical accuracy of the computations showing the escrowed securities will be sufficient to pay interest, principal and the redemption price of the refunded bonds to their respective
call dates without reinvestment.
GLADSTONE CAPITAL ANNOUNCES FIRST QUARTER FINANCIAL RESULTS AND CONFERENCE
CALL DATESErnst and Young verified the cashflow sufficiency in the escrow demonstrating that the escrowed securities plus an initial cash deposit are sufficient to pay interest, principal and the redemption price of the refunded bonds to their respective
call dates.
Calendar of events (includes upcoming earnings conference
call dates, times, and access number, as well as planned interaction with research analysts and institutional investors);
Coopers & Lybrand has verified the mathematical accuracy of the computations showing that the escrowed securities, along with an initial cash deposit, will be sufficient to pay interest, principal, and the redemption price of the refunded bonds to their respective
call dates.
Coopers & Lybrand has verified the mathematical accuracy of the computations showing that the escrowed securities plus a small amount of initial cash will be sufficient to pay interest, principal, and the redemption price of the refunded bonds to their respective
call dates.
The various maturities that have been refunded and their respective
call dates are detailed below.
McGladrey & Pullen, certified public accountants and consultants, Minneapolis, has verified the mathematical accuracy of the computations showing that the government obligations will mature at the required times and in sufficient amounts to pay the remaining debt service requirements and redemption price of the refunded bonds to their
call dates.
The escrowed securities will be sufficient to pay interest, principal, and the redemption price of the refunded bonds to their respective
call dates.