October 12, 2009
HF Financial Corp. Completes Repurchase of its Preferred Stock Held by the U.S. Department of the Treasury
SIOUX FALLS, SD – HF Financial Corp. (NASDAQ: HFFC), today announced that it has completed its repurchase of all of the 25,000 outstanding shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, par value $0.01 per share from the U.S. Department of the Treasury. The repurchase price of the preferred stock was $25 million plus a final accrued dividend of $62,500. The preferred stock was issued to the Treasury on November 21, 2008 as part of the voluntary Capital Purchase Program (CPP)...
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