SunTrust Announces Redemption of Certain Trust Preferred Securities - Solidion Technology (NASDAQ:STI)

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SunTrust Banks (NYSE: STI) announced today that it will redeem in whole at par certain trust preferred securities including all of the outstanding:(i) SunTrust Capital VIII 6.100% Trust Preferred Securities issued December 6, 2006, due December 15, 2036, CUSIP 86800YAA4 (the "6.100% Trups"), which will be redeemed July 11, 2012; and(ii) SunTrust Capital IX 7.875% Trust Preferred Securities issued March 4, 2008, due March 15, 2068, CUSIP 867885105 (the "7.875% Trups", together with the 6.100% Trups, the "Securities"), which will be redeemed July 11, 2012.

27% profit every 20 days?

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