partial redemption

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Partial Redemption

1. A situation in which an issuer calls part of a bond issue but not the whole thing. That is, if a company issues a callable bond and decides later to redeem a portion before maturity, this is called a partial redemption.

2. In investment companies, the decision of a shareholder to redeem some but not all of his/her shares.

partial redemption

Redemption by an issuer of less than an entire issue of its securities. For example, a corporation may redeem a portion of an outstanding bond issue.
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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.
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").