Recent Newsletters
Redemption Notice
January 5, 2007
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Re:
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Notice of Redemption of Attorneys
Insurance Mutual of Alabama, Inc.’s (the "Company") 8% Series A Subordinated
Surplus Debenture (the "Debenture") |
As a holder of the Debenture, you are hereby notified that,
pursuant to its terms, the Company has called the Debenture for redemption as of
December 31, 2006. The Company has met the financial conditions set forth in the
Debenture for redemption and the Commissioner of Insurance of the State of
Alabama has approved the redemption.
In accordance with the provisions of the Debenture, the Company
will pay the principal of $1,000 per Debenture, less any offsets due the
Company, on May 1, 2007 to the record holders as of December 31. 2006 at
the address in the Company’s records. No interest is required to be paid on the
redemption of the Debenture. The Company may make earlier payment of the
Debenture upon the optional surrender of the Debenture by a holder. If you
surrender your Debenture, the Company will make payment on the Debenture to the
order of the record holder promptly after you submit your Debenture and the
properly executed transmittal forms. You may request transmittal forms after
December 31, 2006 by contacting the Company at: 200 Inverness Parkway,
Birmingham, Alabama 35242, Attention: Henry T. Henzel, Esq., President.
If you have any questions regarding the redemption of the
Debenture or the process of surrendering the Debenture, please contact us at
205-980-0009 or 800-526-1246.
Attorneys
Insurance Mutual of Alabama,
Inc.
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