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TAYC > SEC Filings for TAYC > Form 8-K on 22-Nov-2013All Recent SEC Filings

Show all filings for TAYLOR CAPITAL GROUP INC



Other Events

Item 8.01. Other Events.
On November 22, 2013, Taylor Capital Group, Inc. (the "Company"), the parent company of Cole Taylor Bank (the "Bank"), announced it has issued a notice to redeem all of its remaining 19,973 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series B (the "Series B Preferred Stock") for an aggregate price of $20.0 million, the face liquidation amount of the shares, plus approximately $105,000 of accrued but unpaid dividends at a current annual rate of 5.0%. The shares will be redeemed from current holders, through The Depository Trust Company as securities depository for the Series B Preferred Stock. The redemption date will be December 23, 2013, and the transaction will be funded using available cash on hand at the Company.
Following completion of both this redemption and the redemption announced on November 1, 2013, there will be no shares of the Series B Preferred Stock outstanding.

Cautionary Note Regarding Forward-Looking Statements: Certain statements in this report constitute forward-looking statements. These forward-looking statements reflect current expectations about certain prospects and opportunities, and anticipated or expected events. These forward-looking statements may be identified by words such as "may," "plan," "should," "will," "expect," "believe," "intend," "could" and "estimate" and similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Taylor Capital Group, Inc.'s performance and actual events in 2013 and beyond to differ materially from expectations expressed in, or implied by, these forward-looking statements.

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