CARMEL, Ind., Aug. 26, 2015 /PRNewswire/ -- CNO Financial
Group, Inc. (NYSE: CNO) announced today that it has elected to
redeem on September 25, 2015 (the
"redemption date") all of its outstanding 3.50% Convertible
Debentures due September 30, 2035
(the "Securities"). As of August 26,
2015, there was approximately $14,000 in aggregate principal amount of the
Securities outstanding.
The Securities will be redeemed by CNO at a redemption price,
payable in cash, equal to the accreted value of the Securities
(calculated in accordance with the indenture governing the
Securities), plus accrued and unpaid interest to, but not
including, the redemption date. On or before the redemption
date, the Securities should be presented to The Bank of New York
Trust Company, N.A., as paying agent for the redemption, at the
address set forth in the notice of redemption for the Securities.
The notice of redemption of the Securities was sent to all
registered holders on August 26,
2015.
As a result of the Company's election to redeem the Securities,
holders will have the right to convert their Securities in
accordance with the terms of the indenture governing the
Securities.
About CNO Financial Group
CNO Financial Group, Inc.
(NYSE: CNO) is a holding company. Our insurance subsidiaries –
principally Bankers Life and Casualty Company, Colonial Penn Life
Insurance Company and Washington National Insurance Company –
primarily serve middle-income pre-retiree and retired Americans by
helping them protect against financial adversity and provide for a
more secure retirement. For more information, visit CNO online at
www.CNOinc.com.
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SOURCE CNO Financial Group, Inc.