Privatebancorp (PVTBP) 27.11 $PVTBP
PVTBP Are Seasonally Ripe To Go Down In the Next Five Weeks
M2 - Tue Sep 09, 4:36AM CDT
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PVTBP: 27.11 (+0.01)
PrivateBancorp Announces Redemption of Certain Trust Preferred Securities
PR Newswire - Mon Sep 08, 3:38PM CDT
PrivateBancorp, Inc. ("PrivateBancorp," NASDAQ: PVTB) announced today that PrivateBancorp Capital Trust IV (the "Trust"

will redeem $75.0 million of its $143.8 million issued and outstanding 10.00% Trust Preferred Securities (the "trust preferred securities"

(NASDAQ: PVTBP) on October 8, 2014 (the "redemption date"

. The redemption price will be the liquidation amount of $25 per trust preferred security, together with accrued and unpaid interest to the redemption date, which is estimated at approximately $480,000 in the aggregate. Because the trust preferred securities are issued in book entry only form through the Depository Trust Company ("DTC"

, the amount of trust preferred securities to be redeemed from each investor will be determined in accordance with the procedures of DTC.
PVTB: 34.98 (+0.18), PVTBP: 27.11 (+0.01)