JPMorgan Chase & Co. has repaid in full the USD25 billion preferred stock investment it accepted through the Troubled Asset Relief Program (TARP).
In addition to this principal amount, JPMorgan Chase has paid the U. S. Treasury an aggregate of USD795,138,889 in dividends on the preferred stock, including dividends that had accrued through the redemption date. The company will also notify the U.S. Treasury on 18 June of its intent to repurchase the 10-year warrant issued to the Treasury in connection with the preferred investment.
L.D.