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DST Systems, Inc. Announces Contingent Interest Amount for Expired Period on Series B Convertible Senior Debentures

Posted on: Tuesday, 17 February 2009, 17:35 CST

KANSAS CITY, Mo., Feb. 17 /PRNewswire-FirstCall/ -- DST Systems, Inc. (NYSE: DST) (the "Company") announces that $458,467 is the amount of contingent interest payable for the period August 20, 2008 to February 16, 2009 in connection with the 3.625% Series B convertible senior debentures due 2023 (the "Debentures"), the aggregate principal amount of which was $179.8 million at February 13, 2009. As previously announced, the interest obligation arose under the Indenture, dated as of August 12, 2003, because the average trading price of the Debentures for the applicable five trading-day reference period exceeded 120% of the accreted principal amount of the Debentures. The amount of contingent interest equals 0.19% of the average trading price for the reference period, or $2.55 per $1,000 principal amount of the Debentures. The interest payment date is February 17, 2009.

As required by the terms and conditions of the Debentures, the Company is issuing this press release on the interest payment date, and it will issue press releases in connection with each future period for which it has a contingent interest obligation. This press release does not constitute an offer to purchase or a solicitation of an offer to sell securities. The Company has described the terms and conditions of the Company's contingent interest payment obligations and of other features of the Debentures in its Annual Report on Form 10-K for the year ended December 31, 2007.

The information and comments in this press release may include forward-looking statements respecting DST and its businesses. Such information and comments are based on DST's views as of today, and actual actions or results could differ. There could be a number of factors, risks, uncertainties or contingencies that could affect future actions or results, including but not limited to those set forth in DST's periodic reports (Form 10-K or 10-Q) filed from time to time with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking statements. The Company will not update any forward-looking statements in this press release to reflect future events.

SOURCE DST Systems, Inc.

Source: PR Newswire

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