The Company also announced today that it will redeem all of its outstanding 5.68% debentures due
Pursuant to the terms of the trust indenture governing the Redeemed Debentures, the Redeemed Debentures will be redeemed on the Redemption Date at a price equal to the greater of the Canada Yield Price and par, together in each case with accrued and unpaid interest to the Redemption Date.
The Canada Yield Price, with respect to any redemption date, means a price which would provide a yield from the Redemption Date to
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Cautionary Note Regarding Forward-Looking Statements
Certain statements made in this press release contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). When used in this press release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company are intended to identify forward-looking statements. Specific forward-looking statements in this document include, but are not limited to, the Company's plans, objectives, expectations and intentions, including the Company's expectations regarding its intention to redeem the Redeemed Debentures and other statements contained in this release that are not historical facts.
Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. The Company cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. The Company does not undertake to update any forward-looking statements, except to the extent required by applicable securities laws.
Contact Information:
Investors: Aaron Williams, 905-287-5504 or aaron.williams@genworth.com
Media: Susan Carter, 905-287-5520 or susan.carter@genworth.com
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