Requirement to redeem 4 percent Preferred Securities.

CFR · 2024-01-01 · US · Title 13

You must redeem 4 percent Preferred Securities not later than 15 years from the date of issuance. At the redemption date, you must pay to SBA: (a) The par value (of preferred stock) or face value (of a preferred limited partnership interest); plus (b) Any unpaid dividends or partnership distributions accrued to the redemption date.

official document · source cfr-2024 · id 13:§ 107.1410