(Union Pacific Corp. issued the following news release on March 19.)
OMAHA, Neb. — Union Pacific Railroad Company announced today that it has determined the contingent interest and sinking fund payments due in respect of Available Net Income for 2003 under the terms of certain bonds and debentures originally issued by the Missouri Pacific Railroad Company (MPRR). Union Pacific Railroad Company is required to publicly announce such annual determination. The bonds and debentures were assumed by Union Pacific Railroad Company as a result of the merger of MPRR with and into Union Pacific Railroad Company on January 1, 1997.
On April 1, 2004, Union Pacific Railroad Company will pay contingent interest ($4.75 per $100 principal amount) for the Missouri Pacific Railroad Company 4 3/4% General Mortgage Income Bonds Series A Due 2020 and the Missouri Pacific Railroad Company 4 3/4% General Mortgage Income Bonds Series B Due 2030. The Company will also on April 1, 2004 make sinking fund payments of $349,630 and $338,020, respectively, for the Series A and Series B bonds. In addition, on April 1, 2004, Union Pacific Railroad Company will make a sinking fund payment of $771,590 in respect of the Missouri Pacific Railroad Company 4 1/4% First Mortgage Bonds, Series C Due 2005 and make contingent interest payments ($5.00 per $100 principal amount) for the Missouri Pacific Railroad Company 5% Income Debentures Due 2045. As previously announced, the Missouri Pacific Railroad Company 4 1/4% First Mortgage Bonds, Series C Due 2005 will be redeemed by the Company on April 5, 2004.
The close of business on March 29, 2004 has been established as the record date for determining persons owning registered Bonds and Debentures without coupons who are entitled to receive interest. Interest on registered Bonds and Debentures without coupons shall be paid by check mailed to the registered holder as of the record date at the address indicated in the Trustee’s records.
A copy of the 2003 Available Net Income calculation is available for inspection during regular business hours at:
Missouri Pacific Railroad Company 4 1/4% First Mortgage Bonds, Series C Due 2005
The Bank of New York
Corporate Finance Group
101 Barclay Street, 8th Floor
New York, New York 10286
All Other Securities Identified Above
JPMorgan Chase Bank
Institutional Trust Services
4 New York Plaza, 15th Floor
New York, NY 10004