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CA Preferred Funding Trust calls all 7% noncumulative trust-preferreds
By Tali Rackner
Norfolk, Va., April 2 – CA Preferred Funding Trust said it will redeem of all its 7% noncumulative trust-preferred securities, according to a notice.
The notes will be redeemed at par plus accrued interest and dividends on April 30.
The special-purpose entity was formed to issue debt securities and is based in New York.
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