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Acadian Asset Management Inc. (NYSE:AAMI) announced plans to redeem the full $275 million outstanding principal amount of its 4.800% Senior Notes due July 27, 2026. The company previously issued a notice of full redemption on October 30. According to a statement released Tuesday, the redemption is scheduled to occur on December 1.
The redemption price will be $1,004.01 for each $1,000 of principal, which includes the present value of remaining scheduled payments discounted to the redemption date at the applicable Treasury Rate plus 0.50%, as defined in the relevant indenture agreements. In addition to the redemption price, accrued and unpaid interest totaling $4,546,666.67 will be paid to holders of the notes, covering interest up to but excluding the redemption date.
The 2026 notes, identified by CUSIP 10948WAA1, were issued under a series of indentures with Wilmington Trust, National Association as trustee and Citibank, N.A. as securities administrator. The notes are listed on the New York Stock Exchange under the symbol AAMI 26.
This information is based on a press release statement filed with the Securities and Exchange Commission.
In other recent news, Acadian Asset Management Inc. announced that its Chairman, John Paulson, sold a portion of his holdings in the company. Despite this sale, Paulson remains the largest shareholder, retaining approximately 22% of Acadian’s outstanding shares. The company statement clarified that the transaction involved a relatively small block of stock and was executed for rebalancing purposes. This sale was reportedly in response to investor interest through a reverse inquiry. These developments highlight ongoing interest and activity among Acadian’s investors. The company did not provide additional details about the transaction’s impact on its operations or future plans.
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