Mitsubishi UFJ Financial : Redemption of “Non-dilutive” Preferred Securities Issued by Subsidiary
December 05, 2017 at 12:44 pm IST
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Mitsubishi UFJ Financial Group, Inc.
Redemption of "Non-dilutive" Preferred Securities Issued by Subsidiary
Tokyo, December 5, 2017 --- Mitsubishi UFJ Financial Group, Inc. (MUFG) hereby announces that MUFG today decided to approve the redemption of preferred securities ("Non-dilutive Preferred Securities") issued by an overseas special purpose company, which is a subsidiary of MUFG, in full as stated below.
Summary of Non-dilutive Preferred Securities to be Redeemed
The Non-dilutive Preferred Securities rank, as to rights to a liquidation preference, effectively pari passu with the preferred shares issued by MUFG which rank most senior in priority of payment as to liquidation distribution.
Maturity
Perpetual
Provided, however, that the issuer may, at its discretion, redeem all or part of the Non-dilutive Preferred Securities on a dividend payment date in January 2018 or thereafter.
Dividends
Dividend Rate 3.52% per annum (Fixed rate until January 2018) Floating rate after January 2018
Issue Amount
JPY 150,000,000,000
Issue Date
December 13, 2007
Redemption Amount
JPY 150,000,000,000
Redemption Price
JPY 10,000,000 per preferred security (equal to the issue price)
Scheduled Redemption Date January 25, 2018
* * *
This press release has been prepared for the purpose of publicly announcing MUFG's plan to redeem the Non-dilutive Preferred Securities and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the preferred securities in any state in the United States. This press release contains forward-looking statements regarding the current plans of MUFG. Actual results may differ materially from the plans described in this press release as a result of various factors. MUFG does not undertake any obligation to update the forward-looking statements.
Mitsubishi UFJ Financial Group Inc. published this content on 05 December 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 December 2017 07:11:08 UTC.
Original documenthttp://www.mufg.jp/english/vcms_lf/news/pressrelease-20171205-001-e.pdf
Public permalinkhttp://www.publicnow.com/view/C8F5B8A373483C599365E4524A6FF77C28AA8896
Mitsubishi UFJ Financial Group is one of the Japanese largest banking groups. Income breaks down by activity as follows:
- retail and commercial banking (51.9%);
- corporate and investment banking (28.3%);
- market banking (10.5%);
- financial asset management (8.6%);
- other (0.7%).
At the end of March 2022, the group managed JPY 215,427.3 billion of current deposits and JPY 110,426.2 billion of current loans.
Income breaks down geographically as follows: Japan (55%), Asia/Pacific (24.8%), the United States (12.8%), Europe (1.7%) and other (5.7%).