Ford to Reduce Debt by an Additional $3 Billion

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Ford Motor Company
F
announced that on March 15, 2011 all of the outstanding 6.50% Cumulative Convertible Trust Preferred Securities (liquidation amount $50 per trust preferred security) of its subsidiary trust, Ford Motor Company Capital Trust II, will be redeemed for cash at a redemption price of $50.33 per trust preferred security, plus accrued and unpaid distributions of $0.5416667 per trust preferred security.
Posted In: NewsFinancingAutomobile ManufacturersConsumer Discretionary
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