MUFG to buy back, retire $2.8 bln preferred shares

TOKYO, Feb 3 (BestGrowthStock) – Japan’s Mitsubishi UFJ Financial
Group (8306.T: ) said on Wednesday it would buy back 250 billion
yen ($2.8 billion) worth of its own preferred shares on April 1.

Japan’s top bank said it would retire all of the 100 million
preferred shares it expects to acquire in the buyback on the same
day.
($1=90.51 Yen)

Investment Analysis

(Reporting by Taiga Uranaka)

MUFG to buy back, retire $2.8 bln preferred shares