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Press Release
Household to Redeem All Issued and Outstanding Shares of 5% Cumulative Preferred Stock, $4.50 Cumulative Preferred Stock and $4.30 Cumulative Preferred Stock
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Prospect Heights, IL - March 28, 2003 - Household International, Inc. (NYSE:HI) announced today that it was calling for redemption all the issued and outstanding shares of Household 5% Cumulative Preferred Stock (NYSE: HI-prM), $4.50 Cumulative Preferred Stock
(NYSE: HI-prN) and $4.30 Cumulative Preferred Stock (NYSE: HI-prO) as of close of the business (5:00 p.m. New York City time) on the redemption date of April 28, 2003.
Pursuant to the terms of these issues of preferred stock, Household will pay a redemption price of $50.00 per share of 5% Cumulative Preferred Stock, $103.00 per share of $4.50 Cumulative Preferred Stock and $100.00 per share of $4.30 Cumulative Preferred Stock, plus, in each case, all dividends accrued and unpaid, whether or not earned or declared, to the redemption date. The redemption price is payable in cash, without interest. On March 28, 2003, Household deposited the aggregate redemption price, including all dividends accrued and unpaid, in trust for the holders of these preferred shares with Computershare Trust Company of New York. As a result, from and after March 28, 2003, pursuant to their terms, these issues of preferred stock shall not be deemed to be outstanding for any purpose whatsoever, and the rights of the holders of these issues of preferred stock shall be limited to the right to receive the redemption price, including all dividends accrued and unpaid, without interest, upon surrender of the certificates representing the preferred shares as set forth in the redemption notice. A redemption notice is being mailed, first class, postage prepaid, on March 28, 2003, to all holders of record of these issues of preferred stock as of that date. Copies of the redemption notice may be requested from the redemption agent, Computershare Trust Company of New York, by calling toll-free on 1-866-299-4220 (within the United States and Canada) or direct dial at 1-312-588-4220 (outside the United States and Canada).
About Household
Craig Streem, Vice President, Corporate Relations and Communications, 847-564-6053 or Celeste Murphy, Director, Investor Relations, 847-564-7568 |
