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MLAC |
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MLAC offers (auto) loans to buyers through its existing auto dealership network when there is not an existing credit union that can provide the loan to the buyer. 1 million and CAD 35 million of the preferred stocks of MLAC. Under the terms of this transaction, MLCF has purchased an annuity issued by MLAC and has assigned the annuity to the indenture trustee (Computershare Trust Co. |
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