Security Federal Corp to redeem all $16.5M of 5.25% subordinated notes on Nov 22, 2024

SECURITY FEDERAL CORP

Aggregate principal of $16.5M of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2029 to be redeemed.
Redemption at 100% of principal plus accrued interest; payment in cash from excess cash on hand.
Redemption date is November 22, 2024; interest ceases accrual on that date.
All outstanding notes will be called; total redemption price excludes interest beyond redemption date.

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