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AIG Subordinated Debentures (AVF)

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Last Post: 11/30/2009 7:40:47 PM - Followers: 6 - Board type: Free - Posts Today: 0

SECURITY DESCRIPTION: American Internation Group (AIG), 7.70% Series A-5 Junior Subordinated Debentures, denominations redeemable at the issuers option on or after 12/18/2012 at $25 per share plus accrued interest and maturing 12/18/2047 which may be extended to 12/18/2062. Distributions of 7.70% ($1.92 per year) and paid quarterly on 3/18, 6/18, 9/18 & 12/18 through
12/18/2047 to holders of record on the record date one business day prior to the payment date as long as the securities remain in book entry form. After 12/18/2047 the annual floating rate of these debentures will be the three month LIBOR plus 3.616%.


This stock trades on the NYSE under the symbol AVF. Moodys and Standard and Poors rating of A1 and A respectively. The IPO was done for this security on 12/10/2007 @$25.00 per share. Market value $1,000,000,000, there are 40 million shares outstanding.

Complete prospectus is available at QuantumOnline.com and contains all the links to the Company's Investor Releations, Online News Releases and company profile.

SPECIAL NOTE: If any amount is not paid on the scheduled maturity date, it will remain outstanding and bear interest at a floating Libor rate + 3.616% payable quarterly in arrears and we will continue to use our commercially reasonable efforts to sell enough qualifying capital securities to permit the repayment of any remaining principal amount in full. We must pay any remaining principal and interest on these securities in full, whethere or not we have sold qualifying capital securities, on the final maturity date of December 18, 2062. (Taken from the
100 page prospectus accompanying the IPO.

An excel spreadsheet reflecting the yield based upon current and projected per share prices is available. Send request to:

profcwpalmer@comcast.net

 




 
 
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#56   martingale 11/30/09 07:40:47 PM
#55   Gee, it just keeps getting up. No mention stcapital 06/06/09 03:53:57 PM
#54   Oh what I meant by Q3 2011 was martingale 03/15/09 02:22:58 PM
#53   Why Q3 2011? stcapital 03/15/09 08:32:24 AM
#52   Yes, myself and family members still holding and collecting martingale 03/09/09 03:49:26 PM
#51   stcapital mlkrborn 03/07/09 11:44:14 PM
#50   I am still in. stcapital 03/07/09 04:00:48 PM
#49   hey self claimed profcw mlkrborn 02/25/09 05:21:20 PM
#48   PREFERRED CONVERTING INTO COMMONS! mlkrborn 02/24/09 07:27:56 PM
#47   $4.20! wov! mlkrborn 02/20/09 11:46:12 AM
#46   $6.63 still higher than $2.00 lowest level; yet mlkrborn 02/10/09 12:42:40 PM
#45   Another recovery high; divy paid; strength continues. Hope profcw 01/09/09 01:07:53 PM
#44   Great Holiday gift as we make new recovery profcw 12/03/08 11:36:58 AM
#43   Congrat's to all longs who held on as profcw 11/12/08 02:11:52 PM
#42   nice jump! mlkrborn 11/10/08 02:07:57 PM
#41   Nice post martingale 11/09/08 05:53:33 PM
#40   which one is better? AFF or AVG? mlkrborn 11/06/08 07:04:36 PM
#39   difference between SUBORDINATED and SENIOR debt instrument/bond? mlkrborn 11/06/08 02:51:34 PM
#38   Thanks C conelda 10/29/08 09:48:28 PM
#37   1. If AIG go BK, AVF will be stcapital 10/29/08 07:04:37 PM
#36   IF AIG GOES BK will AVF be worthless too? conelda 10/29/08 01:06:35 PM
#35   Good find professor. Many thanks. martingale 10/20/08 12:27:53 PM
#34   Asset sale info: profcw 10/20/08 12:00:35 PM
#33   Thank you professor for your great DD and martingale 10/14/08 02:57:59 PM
#32   Here is a very informative and positive analysis profcw 10/13/08 09:36:49 AM
#31   GM Joe thanks for this report from credit martingale 10/06/08 10:43:58 AM
#30   I just listened to the conference call now martingale 10/04/08 07:02:59 PM
#29   AVF/AFF - AIG bond prices may overstate risk Joe Stocks 10/03/08 05:35:20 PM
#28   During the conf call the question was asked profcw 10/03/08 10:25:47 AM
#27   AVF is moving quite well this morning! Tyrran 10/03/08 10:08:01 AM
#26   Here is the link to the Oct 3 profcw 10/02/08 06:24:00 PM
#25   This conf call scheduled for Fri. Oct 3rd profcw 10/02/08 03:37:10 PM
#24   FYI: profcw 10/01/08 09:58:38 AM
#23   For those interested in Barack Obama and the martingale 10/01/08 03:13:43 AM
#22   From Joe Stocks on the AIG board: martingale 10/01/08 02:08:33 AM
#21   BankCD.com martingale 09/30/08 01:57:16 PM
#20   Thanks prof. You read those 8K's yet? martingale 09/30/08 11:14:55 AM
#19   FYI: profcw 09/30/08 10:17:31 AM
#18   Prof there are 2 new 8K-s filed by martingale 09/30/08 09:08:25 AM
#17   An overview of AIG's Business littlefeets 09/30/08 04:17:16 AM
#16   Thanks Martin. That's excellent news! The major risk profcw 09/30/08 03:38:45 AM
#15   Thanks Profcw and thank you Martingale. littlefeets 09/30/08 01:23:27 AM
#14   Good job!! Thanks. I think these have much Joe Stocks 09/29/08 09:23:18 PM
#13   I have just received this email from AIG martingale 09/29/08 09:05:25 PM
#12   FYI: profcw 09/29/08 08:58:06 PM
#11   Martingale, thanks for sharing your insight and information. littlefeets 09/28/08 08:51:26 PM
#10   Boardmarked! (Though I'll likely just lurk.) Minnesinger 09/28/08 04:26:57 PM
#9   http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32471812 On the martingale 09/28/08 04:07:27 PM
#8   We shall all greatly miss the Lion of martingale 09/28/08 03:04:49 PM
#7   Thanks for dropping by Nick. This is martingale 09/28/08 01:46:05 PM
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