MUFG announces change of subsidiaries
MUFG Capital Finance 9 Limited and BTMU Preferred Capital 9 Limited will become Specified Subsidiaries (Tokutei Kogaisha) of MUFG. The two special purpose companies will increase their stated capital.
However, the percentage of voting rights of each special purpose company directly or indirectly held by MUFG against the total number of voting rights will not change because the Non-dilutive Preferred Securities to be issued by each special purpose company are non-voting securities.
Due to the payment for the Non-dilutive Preferred Securities scheduled to occur on 29 July 2009, the amount of the stated capital of both MUFG Capital Finance 9 Limited and BTMU Preferred Capital 9 Limited will exceed by approximately 10 percent of the amount of the stated capital of MUFG. Therefore, both of these special purpose companies are expected to become Specified Subsidiaries of MUFG.
MUFG Capital Finance 9 Limited was established in June 2009 for the purpose of the issuance of Non-dilutive Preferred Securities. BTMU Preferred Capital 9 Limited, established in the same month, is the special purpose company of MUFG’s consolidated subsidiary The Bank of Tokyo-Mitsubishi UFJ, Ltd.