OMAHA, Neb., March 17, 2017 /PRNewswire/ -- Union Pacific
Railroad Company announced today that it has determined the
contingent interest and sinking fund payments due in respect of
Available Net Income for 2016 under the terms of certain bonds and
debentures originally issued by the Missouri Pacific Railroad
Company (MPRR). Union Pacific Railroad Company is required to
publicly announce such annual determination. The bonds and
debentures were assumed by Union Pacific Railroad Company as a
result of the merger of MPRR with and into Union Pacific Railroad
Company on Jan. 1, 1997.
On April 1, 2017, Union Pacific
Railroad Company will pay contingent interest ($4.75 per $100
principal amount) on each of the Missouri Pacific Railroad Company
4 ¾% General Mortgage Income Bonds Series A Due 2020 and the
Missouri Pacific Railroad Company 4 ¾% General Mortgage Income
Bonds Series B Due 2030. The Company will also on April 1, 2017, make sinking fund payments of
$349,630 and $338,020, respectively, for the Series A and
Series B bonds. In addition, on April 1,
2017, Union Pacific Railroad Company will make contingent
interest payments ($5.00 per
$100 principal amount) for the
Missouri Pacific Railroad Company 5% Income Debentures Due
2045.
The close of business on March 28,
2017, has been established as the record date for
determining persons owning registered Bonds and Debentures without
coupons who are entitled to receive interest. Interest on
registered Bonds and Debentures without coupons will be paid by
check mailed to the registered holder, as of the record date, at
the address indicated in the Trustee's records.
A copy of the 2016 Available Net Income calculation is available
for inspection during regular business hours at the Trustee's
offices, The Bank of New York Mellon Trust Company, N.A., 2
North LaSalle, Suite 1020,
Chicago, IL 60602.
The Bank of New York Mellon Trust Company contact:
Daniel Donovan, Vice President,
(312) 827-8547
Union Pacific contact: Gary
Grosz, Assistant Vice President-Corporate Finance, (402)
544-6175
ABOUT UNION PACIFIC
Union Pacific Railroad is the principal operating company of
Union Pacific Corporation (NYSE: UNP). One of America's most
recognized companies, Union Pacific Railroad connects 23 states in
the western two-thirds of the country by rail, providing a critical
link in the global supply chain. From 2007-2016, Union Pacific
invested approximately $34 billion in
its network and operations to support America's transportation
infrastructure. The railroad's diversified business mix includes
Agricultural Products, Automotive, Chemicals, Coal, Industrial
Products and Intermodal. Union Pacific serves many of the
fastest-growing U.S. population centers, operates from all major
West Coast and Gulf Coast ports to eastern gateways, connects with
Canada's rail systems and is the
only railroad serving all six major Mexico gateways. Union Pacific provides value
to its roughly 10,000 customers by delivering products in a safe,
reliable, fuel-efficient and environmentally responsible
manner.
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SOURCE Union Pacific