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: