Loading...
Tab_47cEXHIBIT C - Form of Notice of Optional Redemption ALASKA MUNICIPAL BOND BANK NOTICE TO HOLDERS OF THE FOLLOWING ALASKA MUNICIPAL BOND BANK GENERAL OBLIGATION BONDS, 2007 SERIES THREE MATURING ON AND AFTER SEPTEMBER 1, 2018 NOTICE IS HEREBY GIVEN to the holders of the following defeased Alaska Municipal Bond Bank, General Obligation Bonds, 2007 Series Three (the "Defeased 2007 Series Three Bonds") that the Defeased 2007 Series Three Bonds maturing on and after September 1, 2018, have been called for redemption on September 1, 2017, in accordance with their terms, at a redemption price equal to 100% of the principal amount thereof, plus in each case accrued interest to the date fixed for redemption. The source of the funds to be used for such redemption is the principal of and interest on Escrow Obligations theretofore deposited with the Trustee as Escrow Agent, together with moneys theretofore deposited with the Escrow Agent. The Defeased 2007 Series Three Bonds represent a portion of the bonds issued on July 10, 2007; and defeased on September 1, 2017 and are described below: Principal Maturity Amount (September 1) Defeased 2022 $1,005,000.00 2027 1,290,000.00 Redemption Date Interest Rate (September 1) 5.000% 2017 5.000 2017 Defeased Redemption CUSIP No. Price (01179) 100% RLM3 100 RLN1 The redemption price of and accrued interest on Defeased 2007 Series Three Bonds maturing on and after September 1, 2018 shall become due and payable on September 1, 2017, and from and after September 1, 2017, interest on the 2007 Series Three Bonds maturing on and after September 1, 2018 shall cease to accrue and be payable. Holders of the Defeased 2007 Series Three Bonds maturing on and after September 1, 2018 being redeemed will receive payment of the redemption price and accrued interest to which they are entitled upon presentation and surrender thereof at the designated corporate trust office of The Bank of New York Mellon Trust Company, N.A. The Defeased 2007 Series Three Bonds shall be surrendered for redemption to: First Class/Registered/Certified Express Delivery Only By Hand Only The Bank of New York Mellon The Bank of New York Mellon The Bank of New York Mellon Global Corporate Trust Global Corporate Trust Global Corporate Trust Corporate P.O. Box 396 111 Sanders Creek Parkway Trust Window East Syracuse New York 13057 East Syracuse, New York 13057 101 Barclay Street, 1st Floor East New York, New York 10286 Bondholder Communications can be reached at 1-800-254-2826. This CUSIP® number has been assigned by the Bond Bank's CUSIP Global Services and is included solely for the convenience of the holders. Neither the Bond Bank nor the Escrow Agent or Trustee shall be responsible for the selection or use of this CUSIP® number, nor is any representation made to its correctness on the bond or as indicated in any redemption notice. The Issuer and Trustee shall not be responsible for the use of the CUSIP number(s) selected, nor is any representation made as to their correctness indicated in the notice or as printed on any Bonds. They are included solely for the convenience of the holders. AMBB - General Obligation and Refunding Bonds, 2016 Series Three Escrow Agreement (2007 Series Three) Page C-3 IMPORTANT TAX NOTICE Withholding of 28% of gross redemption proceeds of any payment made within the United States may be required by the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the 'Act'), unless the Trustee has the correct taxpayer identification number (social security or employer identification number) or exemption certificate of the payee. Please furnish a properly completed Form W-9 or exemption certificate or equivalent when presenting your securities. DATED this day of 20 AIVIBB - General Obligation and Refunding Bonds, 2016 Series Three Escrow Agreement (2007 Series Three) Page C-4