Business News • MarketWire • Doral Financial Corporation to Hold Special Meeting of Preferred Stockholders to Elect Preferred Directors |
Doral Financial Corporation to Hold Special Meeting of Preferred Stockholders to Elect Preferred Directors |
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Doral Financial Corporation to Hold Special Meeting of Preferred Stockholders to Elect Preferred Directors
SAN JUAN, PUERTO RICO--(Marketwire - May 27, 2011) - Doral Financial Corporation (NYSE: DRL) ("Doral Financial" or the "Company"), the holding company of Doral Bank and Doral Bank FSB, with operations in Puerto Rico and the U.S., today announced that it will hold a special meeting of the holders of the Company's Preferred Stock (the "Preferred Stockholders") on August 3, 2011 (the "Special Meeting"), at which holders of record of its 7.00% Non-cumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"); 8.35% Non-cumulative Monthly Income Preferred Stock, Series B (the "Series B Preferred Stock"); 7.25% Non-cumulative Monthly Income Preferred Stock, Series C (the "Series C Preferred Stock" and, together with the Series A Preferred Stock and the Series B Preferred Stock, the "Non-Cumulative Preferred Stock") and 4.75% Perpetual Cumulative Convertible Preferred Stock (the "Cumulative Preferred Stock" and, together with the Non-Cumulative Preferred Stock, the "Preferred Stock") as of June 13, 2011 will be asked to elect two directors (the "Preferred Directors") to the Doral Financial Board of Directors. The Company expects to mail the notice of meeting and proxy statement for the Special Meeting to the Preferred Stockholders at a later date.
View More : http://www.marketwire.com/mw/release.do?id=1519994&sourceType=3
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