Guaranty Federal Bancshares, Inc. Announces Redemption of Remaining TARP Preferred Stock

Guaranty Federal Bancshares, Inc. Announces Redemption of Remaining TARP Preferred Stock

  • Posted: 05/8/2014
  • Castle Creek

SPRINGFIELD, Mo.–(GLOBE NEWSWIRE)–Guaranty Federal Bancshares, Inc., (Nasdaq:GFED), the holding company (the “Company”) for Guaranty Bank, announces the redemption of all of its remaining 12,000 shares of Fixed Rate Cumulative and Perpetual Preferred Stock, Series A (“Preferred Stock”). The Preferred Stock was originally issued to the U.S. Department of the Treasury in January 2009 as part of their Troubled Asset Relief Program’s Capital Purchase Program and was sold to other investors in April 2013 through a public auction. The shares were redeemed at the liquidation price of $1,000 per share for a total of $12 million, plus $234,000 of accrued and unpaid dividends. As a result of this redemption, no shares of the Preferred Stock remain outstanding and the Company will not pay any future dividends on the Preferred Stock.

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