As Mulligan has said, there is nothing - absolutely nothing - that you need to do in event of a call, as far as the redemption process is concerned.
What you have to do is monitor the forums and sec filings ( sec.gov ) for notice of a call. Usually there is a 30 day advance notice.
On occasion, I see a designation change on my broker's website; for example, I owned KCC, and a few days ago when I visited the website, they had changed the symbol to KCC/CL.
Once you know a call has been issued, you can calculate the final proceeds, which will comprise par value ( $25, $50, or $100 ), plus accrued interest ( I use the period from last payment date to day before redemption ).
On the day of redemption, you'll see your stock disappear and the final proceeds added to your cash balance. That's it.
If you bought the stock below par, you will have a capital gain. If you bought above par, you will have a capital loss of the amount above par.
Accrued interest is reported as QDI or non-QDI, whatever the paying company declares. It is NOT a Cap Gain/loss.
As Mulligan has described, sometimes folks who don't know that a call has been announced still bid at prices far above the final proceeds; in such cases you can quickly sell to those poor uninformed types and make some extra coin.
PS: Some brokerage websites will not allow online trading for a called issue. You might have to call it in and insist on the online commission.