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TAYC Capital Trust I, 9.75% Preferred Securities (TAYCP)

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Last Post: 5/15/2011 6:11:00 PM - Followers: 1 - Board type: Free - Posts Today: 0

TAYC Capital Trust I, 9.75% Preferred Securities
Ticker Symbol: TAYCP     CUSIP: 87216N205     Exchange: NNM
Security Type:   Trust Preferred Security

 

SECURITY DESCRIPTION:  TAYC Capital Trust I, 9.75% Preferred Securities, liquidation amount $25 per share, guaranteed by Taylor Capital Group Inc. (Nasdaq: TAYC) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 10/21/2007 at $25 per share plus accrued and unpaid dividends, maturing 10/21/2032, distributions of 9.75% ($2.4375) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record one business day prior to the payment date while the securities remain in global security form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 9.75% Junior Subordinated Deferrable Interest Debentures due 10/21/2032 which were purchased from the company using the funds generated from the sale of the trust preferred securities.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NNM
Chart
9.75%
$2.4375
$25.00
$25.00
10/21/2007
10/21/2032
NR / NF
1/21/11
3/31, 6/30, 9/30 & 12/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

 

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#1   TAYLOR CAPITAL GROUP, INC (TAYC) Soapy Bubbles 05/15/11 06:11:00 PM
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