The Bonds to be redeemed will be selected in accordance with the applicable procedures of The Depository Trust Company, the registered holder of the Bonds, for partial redemptions
We are committed to making future partial redemptions
as and when cash becomes available.
The loan is portable and interest is calculated daily so any partial redemptions
give an immediate interest saving.
Issuers of debt obligations also have specific guidance with respect to partial redemptions
of a debt obligation that qualify as pro rata prepayments.
CHICAGO -- The Van Kampen Municipal Closed-End Funds ("Funds") listed below hereby announce the dates for the partial redemptions
of their respective preferred shares.
The additional partial redemptions
announced today will be for approximately $3,175,000 or 1.
NEW YORK -- The Morgan Stanley Municipal Closed-End Funds (the "Funds") listed below hereby announce the dates for the partial redemptions
of their respective auction rate preferred shares (ARPS).
Valhi may consider additional partial redemptions
or a full redemption of the notes based on future market conditions and other considerations.
Reflecting strong cash flow, MCI intends to segregate cash from operations and earnings throughout 1993 to fund further partial redemptions
of the 10 percent debentures.
The company said it will consider additional partial redemptions
of the debentures, depending on market conditions.
We are proceeding with partial redemptions
to assure that the amount of debentures actually redeemed, if any, will not significantly impact the company's ability to meet the dividend limitations of its financing arrangements.
AMEX:NRO) (the "Fund" or "NRO") announced today an intended schedule for partial redemptions
of its outstanding auction market preferred shares ("AMPS").