Business Services Industry
J.P. Morgan Chase Capital IX Redemption
Business Wire, Nov 3, 2006
NEW YORK -- JPMorgan Chase & Co. and J.P. Morgan Chase Capital IX, a Delaware business trust subsidiary of JPMorgan Chase & Co., have announced that J.P. Morgan Chase Capital IX (NYSE: JPT) will redeem on December 4, 2006 (the "Redemption Date"), all of the outstanding shares of J.P. Morgan Chase Capital IX, Series I $500,000,000 7.50% Capital Securities (CUSIP 46623C202) due February 15, 2031 (the "7.50% Capital Securities"), at a redemption price equal to the aggregate Liquidation Amount of $25 per 7.50% Capital Security plus accumulated and unpaid distributions of $0.177083.
On the Redemption Date, distributions on the 7.50% Capital Securities will cease to accrue. Payment will be made on December 4, 2006, only upon presentation and surrender of the 7.50% Capital Securities to The Bank of New York as Paying Agent, for cancellation.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.3 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.
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