CNO Financial (CNO) Buys $39.5M Common Back in Q3, Makes $25M Payment on Senior Health Note

CNO Financial Group, Inc. (NYSE: CNO) today announced that during the third quarter of 2011 it repurchased 6,567,026 shares of its common stock for an aggregate purchase price of $39.5 million under its $100 million share repurchase program. The shares were repurchased at an average cost of $6.01 per share and represented 2.6% of the total outstanding shares as of June 30, 2011. Total shares repurchased under the program to date total 8,773,674 shares for an aggregate purchase price of $55.7 million, at an average cost of $6.35 per share. As of June 30, 2011, CNO had approximately 249.4 million shares outstanding.

CNO also announced that today it made an early payment of $25.0 million on the Senior Health Note, in satisfaction of the scheduled amortization payment due November 12, 2011. The next scheduled amortization payment of $25.0 million on the Senior Health Note is due November 12, 2012.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Piper Sandler Upgrades CNO Financial Group (CNO) to Overweight
• Progress Software Corporation (PRGS) Issues Statement on a Possible Offer for MariaDB
• Silicon Labs (SLAB) Appoints Radhika Chennakeshavula as CIO