secwatch.observer — SEC 8-K summary
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Issuer:     SECURITY FEDERAL CORP (SFDL)
CIK:        0000818677
Form:       8-K
Filed at:   2024-10-17T23:59:59+00:00
Accession:  0001437749-24-031465
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/818677/000143774924031465/0001437749-24-031465-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/818677/000143774924031465/sfdl20241008c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-031465

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