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 company announced that the bonds to be redeemed will be selected under 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).
AMEX:NRO) (the "Fund" or "NRO") announced today an intended schedule for partial redemptions of its outstanding auction market preferred shares ("AMPS").
AMEX:SRO) ("DWS RREEF II") (each, a "Fund," and together, the "Funds") announced today that they are making additional partial redemptions of their outstanding auction rate preferred shares ("ARPS").
AMEX: NRO) (the "Fund" or "NRO") announced today its intended schedule for partial redemptions of its outstanding auction market preferred shares ("AMPS").
The Preferred Securities to be redeemed will be selected in accordance with the applicable procedures of The Depository Trust Company for partial redemptions.
The redemption on August 1, 2006, will be the final of eight annual mandatory partial redemptions.