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CHS Announces Issuance Of Shares Of Preferred Stock To Redeem $77 Million Of Patrons' Equity

2016-04-05 12:06:58| Agriculture - Topix.net

CHS ANNOUNCES ISSUANCE OF SHARES OF PREFERRED STOCK TO REDEEM $77 MILLION OF PATRONS' EQUITY Apr. 4, 2016 Source: CHS Inc. news release CHS Inc. today announced the issuance, on March 31, 2016, of 2,693,195 shares of its Class B Cumulative Redeemable Preferred Stock, Series 1 to redeem about $77 million of qualified CHS equity. The amount of CHS qualified equity redeemed with each share of Class B Series 1 Preferred Stock was $28.50, equal to the closing price for one share of the Class B Series 1 Preferred Stock on March 23, 2016.

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