April 3 (Reuters) - Alcoa Corp:
* ALCOA CORPORATION SIGNS GROUP ANNUITY CONTRACTS TO TRANSFER CANADIAN PENSION OBLIGATIONS AND ASSETS
* SIGNED GROUP ANNUITY CONTRACTS TO TRANSFER ABOUT $555 MILLION IN OBLIGATIONS, AND RELATED ASSETS, OF DEFINED BENEFIT PENSION PLANS IN CANADA
* GROUP ANNUITY CONTRACTS WITH THREE CANADIAN INSURANCE COMPANIES WILL COVER APPROXIMATELY 2,100 RETIREES OR BENEFICIARIES
* IN Q2 OF 2018, ALCOA EXPECTS TO RECORD A NON-CASH SETTLEMENT CHARGE OF ABOUT $175 MILLION
* AS PART OF ANNUITY AGREEMENTS, CO TO CONTRIBUTE ABOUT $95 MILLION IN MID-APRIL 2018 TO FACILITATE ANNUITY TRANSACTION
* COMPANIES TO BEGIN MAKING BENEFIT PAYMENTS TO AFFECTED PLAN PARTICIPANTS BY JULY Source text for Eikon: Further company coverage:
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