First graph should end: ...4.25% Redeemable Cumulative Convertible Perpetual Preferred Stock, Series C (CUSIP Nos. 485170609 and 485170708) (the “Series C Stock”) sted ((CUSIP No. 485170609)).
The corrected release reads:
KCS ANNOUNCES REDEMPTION OF 4.25% REDEEMABLE CUMULATIVE CONVERTIBLE PERPETUAL PREFERRED STOCK, SERIES C
Kansas City Southern (“KCS”) (NYSE:KSU) today announced that it has called for redemption all of the outstanding shares (the “Shares”) of its 4.25% Redeemable Cumulative Convertible Perpetual Preferred Stock, Series C (CUSIP Nos. 485170609 and 485170708) (the “Series C Stock”).
The redemption date is July 15, 2008 (the “Redemption Date”). The Series C Stock will be redeemed at a redemption price of $500 per Share, plus an amount equal to the accumulated and unpaid dividends (whether or not earned or declared), if any, thereon up to but excluding the Redemption Date. The amount of such accumulated and unpaid dividends on the Shares to be redeemed to the Redemption Date is $0, for a total redemption price of $500 per Share (the “Redemption Payment”). KCS intends to pay the full amount of the Redemption Payment in cash. Shares must be surrendered to the paying agent designated below in order to receive the Redemption Payment. Unless KCS defaults in making the Redemption Payment, all dividends in respect of the Shares will cease to accumulate on and after the Redemption Date.
As a result of KCS’ call for redemption of the Series C Stock, holders of the Shares also have the right to convert each Share into 33.4728 shares of KCS’ common stock (“Common Stock”), at any time prior to 5:00 p.m., New York City time, on the business day prior to the Redemption Date, by surrendering such Shares to the conversion agent designated below. Each Share so converted will also be entitled to receive an appropriate number of Common Stock or other preferred stock purchase rights under KCS’ 2005 Rights Agreement. All Shares surrendered for conversion shall cease to accumulate dividends as of the day immediately preceding the date that such Shares are surrendered and all other requirements for conversion are satisfied by the holder thereof (the “Conversion Date”). KCS will not issue fractional shares of Common Stock upon conversion of the Shares but will instead pay a cash adjustment based on the closing sale price of KCS’ Common Stock on the Conversion Date.
The paying agent for the redemption of the Series C Stock is Computershare, Inc., 250 Royall Street, Canton, Massachusetts 02021. The conversion agent for the conversion of the Series C Stock is Computershare, Inc., 250 Royall Street, Canton, Massachusetts 02121, Attention: Corporate Actions. Holders may contact Computershare, Shareholder Services at (800) 884-4225 with any questions regarding the redemption or conversion.
Headquartered in Kansas City, Mo., Kansas City Southern is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. Kansas City Southern's North American rail holdings and strategic alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada.
This press release may include statements concerning potential future events involving KCS and its subsidiaries, which could materially differ from the events that actually occur. The differences could be caused by a number of factors including those factors identified in the "Risk Factors" and the "Cautionary Information" sections of KCS' Form 10-K for the most recently ended fiscal year, filed by KCS with the Securities and Exchange Commission (SEC) (Commission file no. 1-4717). KCS will not update any forward-looking statements in this press release to reflect future events or developments.
Contacts:
Ginger L. Adamiak, 816-983-1501
gadamiak@KCSouthern.com
