Mitsubishi UFJ Financial : Redemption of “Non-dilutive” Preferred Securities Issued by Subsidiary (PDF / 14KB)
May 27, 2019 at 04:14 am EDT
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Mitsubishi UFJ Financial Group, Inc. (MUFG)
Redemption of "Non-dilutive" Preferred Securities
Issued by Subsidiary
Tokyo, May 27, 2019 --- MUFG hereby announces that MUFG today decided to approve the redemption of preferred securities ("Non-dilutive Preferred Securities") issued by an overseas special purpose company, which is a subsidiary of MUFG, in full as stated below.
1.Summary of Non-dilutive Preferred Securities to be Redeemed
The Non-dilutive Preferred Securities rank, as to rights to a
liquidation preference, effectively pari passu with the preferred
shares issued by MUFG which rank most senior in priority of
payment as to liquidation distribution.
Perpetual
Maturity
Provided, however, that the issuer may, at its discretion, redeem
all or part of the Non-dilutive Preferred Securities on a dividend
payment date in July 2019 or thereafter.
Dividends
Dividend Rate 4.88% per annum (Fixed rate until July 2019)
Floating rate after July 2019
Issue Amount
JPY 90,000,000,000
Issue Date
March 19, 2009
Redemption
JPY 90,000,000,000
Amount
Redemption Price
JPY 10,000,000 per preferred security
(equal to the issue price)
2.Scheduled Redemption Date
July 25, 2019
- End -
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About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 3,000 locations in more than 50 countries. The Group has over 180,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to "be the world's most trusted financial group" through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.
This press release has been prepared for the purpose of publicly announcing MUFG's plan to redeem the Non-dilutive Preferred Securities and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the preferred securities in any state in the United States. This press release contains forward-looking statements regarding the current plans of MUFG. Actual results may differ materially from the plans described in this press release as a result of various factors. MUFG does not undertake any obligation to update the forward-looking statements.
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Mitsubishi UFJ Financial Group Inc. published this content on 27 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 May 2019 08:13:04 UTC
Mitsubishi UFJ Financial Group is one of the Japanese largest banking groups. Income breaks down by activity as follows:
- retail and commercial banking (51.9%);
- corporate and investment banking (28.3%);
- market banking (10.5%);
- financial asset management (8.6%);
- other (0.7%).
At the end of March 2022, the group managed JPY 215,427.3 billion of current deposits and JPY 110,426.2 billion of current loans.
Income breaks down geographically as follows: Japan (55%), Asia/Pacific (24.8%), the United States (12.8%), Europe (1.7%) and other (5.7%).
MITSUBISHI UFJ FINANCIAL GROUP, INC 
