Omnicare's Series A and Series B Trust PIERS to Accrue Contingent Interest
(Thomson Reuters ONE) -
Omnicare's Series A and Series B Trust PIERS to Accrue Contingent Interest
CINCINNATI, June 19, 2015 - Omnicare, Inc. (NYSE: OCR) (the "Company") announced
today that, for the period from June 15, 2015 to September 14, 2015, its Series
A and Series B Trust Preferred Income Equity Redeemable Securities (NYSE:
OCR.PRA and OCR.PRB) (the "Trust PIERS") will, subject to the terms of the Trust
PIERS, accrue contingent interest at a rate of 0.125% of the average trading
price of the Trust PIERS for the five trading days ended June 11, 2015, in
addition to the continued accrual of regular cash interest. As previously
announced, the Trust PIERS have accrued and paid contingent interest (ranging
from $0.07 to $0.11 per $50 stated liquidation amount of Trust PIERS) for each
quarterly interest period since June 2013.
Contingent cash interest, which Omnicare has determined to be approximately
$0.145 per $50 stated liquidation amount of Trust PIERS for the current interest
period, will be payable to holders of the Trust PIERS as of the record date of
September 14, 2015. The payment of contingent cash interest is expected to be
made on September 15, 2015.
About Omnicare
Omnicare, Inc., a Fortune 500 company based in Cincinnati, Ohio, provides
comprehensive pharmaceutical services to patients and providers across the
United States. As the market leader in professional pharmacy, related
consulting and data management services for skilled nursing, assisted living and
other chronic care settings, Omnicare leverages its unparalleled clinical
insight into the geriatric market along with some of the industry's most
innovative technological capabilities to the benefit of its long-term care
customers. Omnicare also provides specialty pharmacy and key commercialization
services for the bio-pharmaceutical industry through its Specialty Care Group.
For more information, visit www.omnicare.com.
# # #
Contact:
Patrick C. Lee
(513) 719-1507
patrick.lee(at)omnicare.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Omnicare via GlobeNewswire
[HUG#1929920]
Unternehmensinformation / Kurzprofil:
Datum: 19.06.2015 - 22:15 Uhr
Sprache: Deutsch
News-ID 401895
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contact information:
Town:
Covington, KY
Kategorie:
Business News
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