Attached files

file filename
8-K - FORM 8-K - PFGI CAPITAL CORPd8k.htm
EX-99.3 - NEWS RELEASE ISSUED BY PFGI CAPITAL CORPORATION DATED JULY 9, 2010 - PFGI CAPITAL CORPdex993.htm
EX-99.2 - NOTICE OF REDEMPTION DATED JULY 9, 2010 - SERIES B PREFERRED STOCK - PFGI CAPITAL CORPdex992.htm

Exhibit 99.1

LOGO

NOTICE OF REDEMPTION OF SERIES A PREFERRED STOCK

July 9, 2010

To: Holders of the PFGI Capital Corporation Series A Non-Cumulative Preferred Stock

NOTICE IS HEREBY GIVEN that pursuant to the Articles of Amendment and Restatement of PFGI Capital Corporation (the “Company”) classifying the Series A Non-Cumulative Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”), of the Company, the Company calls for redemption of all outstanding shares of its Series A Preferred Stock. The terms of the redemption are summarized below.

 

  1. The redemption date shall be August 13, 2010 (the “Redemption Date”).

 

  2. The Series A Preferred stock is being redeemed at a redemption price of $25.00 per share, plus $.468229 per share representing all accrued and unpaid dividends from May 18, 2010, (the last dividend payment date) to (but not including) the Redemption Date, for a total redemption price of $25.468229 per share (the “Redemption Price”). All of the Series A Preferred Stock held by you is being redeemed by the Company.

 

  3. The total number of shares of Series A Preferred Stock to be redeemed by the Company is 3,950,484 shares representing all of the issued and outstanding Series A Preferred Stock.

 

  4. Payment for the redemption will be remitted by Computershare Trust Company, N.A. (“Computershare”), the paying agent, to The Depository Trust Company (“DTC”), who will distribute such payment to DTC participants for ultimate distribution to beneficial owners.

NOTICE IS HEREBY FURTHER GIVEN that dividends on the Series A Preferred Stock shall cease to accrue on the Redemption Date. The Series A Preferred Stock will be canceled on the stock records of the Company as of the Redemption Date and, thereafter, you will have no rights as a stockholder of the Company, other than the right to receive payment, in the amount of the Redemption Price.

All inquires with respect to the redemption of the Series A Preferred Stock should be made directly to Computershare at 1-800-546-5141, or via mail at P.O. Box 43014, Providence, RI 02940.