DENVER, Aug. 24, 2012 /PRNewswire/ -- CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit System associations throughout the United States, today announced that it will redeem all of its issued and outstanding shares of Series A Cumulative Perpetual Preferred Stock, Stated Value $50 Per Share ("Series A Preferred Stock") and Series B Cumulative Perpetual Preferred Stock, Stated Value $50 Per Share ("Series B Preferred Stock") on October 1, 2012.
Both the Series A Preferred Stock and Series B Preferred Stock will be redeemed at a redemption price of $50 together with accrued and unpaid dividends to the redemption date (less any applicable tax withholding as required by law). The redemption and paying agent for the redemption is American Stock Transfer & Trust Company, LLC ("AST").
For more information, holders of the securities may contact AST at 877-248-6417 or 718-921-8317 or write to AST at American Stock Transfer & Trust Company, LLC, Shareholder Services Department, 6201 15th Avenue, Brooklyn, New York 11219.
CoBank is a $90 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 70,000 farmers, ranchers and other rural borrowers in 23 states around the country.
CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture and the nation's rural economy.
Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.
For more information about CoBank, visit the bank's web site at www.cobank.com.