SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): December 21, 2001
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POPULAR, INC.
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(Exact name of registrant as specified in its charter)
COMMONWEALTH OF PUERTO RICO NO. 0-13818 NO. 66-0416582
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
209 MUNOZ RIVERA AVENUE
HATO REY, PUERTO RICO 00918
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (787) 765-9800
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(Former name or former address, if changed since last report)
Item 5. Other Events
On December 21, 2001, Popular, Inc.(the "Corporation") announced in a
news release that it has elected to redeem all of the outstanding shares of the
Corporation's 8.35% Non-Cumulative Monthly Income Preferred Stock, 1994 Series A
(the "Series A Preferred Stock") (NASDAQ:BPOPP). As of December 21, 2001, there
were approximately 4,000,000 shares of the Series A Preferred Stock outstanding.
The redemption date for the Series A Preferred Stock is January 21,
2002(the "Redemption Date"). The redemption price of the Series A Preferred
Stock is $25.50 plus$0.1218(representing the amount of accrued and unpaid
dividends for the current monthly dividend period to, but excluding, the
Redemption Date), for a total payment per share in the amount of $25.6218.
A copy of the Corporation's release, dated December 21, 2001, is
attached hereto as Exhibit 99(a) and is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
99(a) News release, dated December 21, 2001, announcing the
Corporation's election to redeem all of the outstanding shares of the
Corporation's Series A Preferred Stock.
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.
POPULAR, INC.
(Registrant)
Date: December 27, 2001 By: S/Amilcar L. Jordan
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Name: Amilcar L. Jordan, Esq.
Title: Senior Vice President and Comptroller
EXHIBIT INDEX
Exhibit Number Description
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99(a) News release, dated December 21, 2001