Flaherty & Crumrine/Claymore Total Return Fund Inc - Current report filing (8-K)
06 May 2008 - 5:05AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): MAY 1, 2008
FLAHERTY & CRUMRINE/CLAYMORE TOTAL RETURN FUND INCORPORATED
(Exact name of registrant as specified in charter)
MARYLAND 333-106393 13-4258227
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
|
301 E. COLORADO BOULEVARD, SUITE 720, PASADENA, CALIFORNIA 91101
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (626) 795-7300
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01. OTHER EVENTS.
REDEMPTION OF MAJORITY OF OUTSTANDING PREFERRED SHARES
On May 1, 2008, Flaherty & Crumrine/Claymore Total Return Fund Incorporated
issued a press release announcing that it has received secured committed
financing that it intends to use to redeem approximately 70% of its outstanding
auction market preferred stock at a redemption price equal to the liquidation
preference of $25,000 per share, plus the amount of accumulated but unpaid
dividends, for consideration of approximately $89 million. The AMPS are
designated, respectively, as Series T7 (CUSIP #338479207) and Series W28 (CUSIP
#338479306). A copy of the press release is filed as an exhibit to this report.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(C) EXHIBITS.
EXHIBIT
NUMBER DESCRIPTION
------ -----------
99 Press release issued by Flaherty & Crumrine/Claymore Total
Return Fund Incorporated on May 1, 2008.
SIGNATURE
|
Pursuant to the requirements of the Securities Exchange Act of 1934, the
|
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: May 5, 2008
FLAHERTY & CRUMRINE/CLAYMORE TOTAL RETURN
FUND INCORPORATED
By: /S/ DONALD F. CRUMRINE
-----------------------
Donald F. Crumrine
Chief Executive Officer
|
Flaherty and Crumrine To... (NYSE:FLC)
Historical Stock Chart
From Sep 2024 to Oct 2024
Flaherty and Crumrine To... (NYSE:FLC)
Historical Stock Chart
From Oct 2023 to Oct 2024