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American Annuity Group Capital Trust I, 9 1/4% TOPrS Preferred Sec
Ticker Symbol: AAG-T* CUSIP: 023833205 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/08/2004
Security has been Called for: Monday, March 8, 2004
Jan 29, 2004 -- Great American Financial Resources, Inc. (NYSE: GFR) announced today that it has called for redemption all of the 9-1/4% trust preferred securities issued by its wholly-owned subsidiary trust, American Annuity Group Capital Trust I (NYSE: AAG_pt). The trust preferred securities will be redeemed on March 8, 2004 at a price of $25.33, which includes accrued and unpaid dividends of $.33 per security. There are currently $75 million principal amount of the preferred securities outstanding, including approximately $10 million owned by the Company and one of its subsidiaries. The funds for this redemption are part of the net proceeds from the Company's recent offering of 7-1/4% Senior Debentures due January 23, 2034.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: American Annuity Group Capital Trust I, 9 1/4% Trust Originated Preferred Securities (TOPrS), liquidation amount $25 per share, guaranteed by American Annuity Group Inc. now Great American Financial Resources Inc. (NYSE: GFR), redeemable at the issuer's option on or after 11/07/2001 at $25 per share plus accrued and unpaid dividends, maturing 10/15/2026, distributions of 9 1/4% ($2.3125) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record one business day prior to the payment date while the securities remain in global form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 9 1/4% Subordinated Deferrable Interest Debentures due 10/15/2026 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (AFG)
IPO - 11/5/1996 - 3.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $74.9 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: One East Fourth Street, Cincinnati, OH 45202 |
| Main Phone Number |
513-579-2121 |
| Fax Number |
513-412-0200 |
| Investor Relations
Anne N. Watson
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513-579-6652
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| Toll Free Phone Number |
800-368-3417 |
| CEO - Carl H. Lindner |
CEO - Carl H. Lindner III |
TRS - Keith A. Jensen |
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