The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that its offer to purchase any and all of its Fixed/Adjustable Rate Noncumulative Series F Preferred Stock expired as scheduled at 5:00 p.m., New York City time, on April 3, 2001. PNC has accepted all validly tendered shares. Out of the 6 million shares outstanding, 1.901 million shares were tendered. Payment for the tender shares is expected to be made April 5, 2001.
Merrill Lynch & Co acted as the dealer manager for the tender offer. Questions or requests for assistance may be directed to Merrill Lynch at 888-654-8637.
The PNC Financial Services Group, Inc., headquartered in Pittsburgh, is one of the nation's largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset- based lending, wealth management, asset management and global fund services.
NewsCom: http://www.newscom.com/cgi-bin/prnh/20000307/PHTU015
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SOURCE: The PNC Financial Services Group, Inc.
Contact: MEDIA, Kathleen Detwiler, 412-762-4550, or
corporate.communications@pnc.com, or INVESTORS, William H. Callihan,
412-762-8257, or investor.relations@pnc.com, both of The PNC Financial
Services Group
Website: http://www.pnc.com/
Company News On-Call: http://www.prnewswire.com/comp/701257.html or fax,
800-758-5804, ext. 701257
