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Energy XXI (Bermuda) Limited (fka EXIXQ)

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Last Post: 12/30/2016 5:12:16 PM - Followers: 1 - Board type: Free - Posts Today: 0

Energy XXI (Bermuda) Limited, 5.625% Convertible Perpetual Preferred Stock
Ticker Symbol: EXIXF     CUSIP: 29274U309     Exchange: OTOTC
SECURITY DESCRIPTION:  Energy XXI (Bermuda) Limited, 5.625% Convertible Perpetual Preferred Stock, liquidation preference $250 per share, not redeemable at the issuer's option at any time, and with no stated maturity. Cumulative distributions of 5.625% ($14.0625) per annum are paid quarterly in cash or common stock on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which will be 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by the preferred prior to 1/1/2011 are eligible for the 15% tax rate on dividends under normal holding restrictions and are also eligible for the dividends received deduction for corporate holders for tax years through 2010 (see page S-45 of the prospectus for further information). The preferred shares are convertible any time at the holder's option into 9.8353 common shares of Energy XXI (Bermuda) Limited (Nasdaq: EXXI), an initial conversion price of approximately $25.42 per common share. On or after 12/15/2013, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, cause the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
Cpn Rate
Ann Amt
Call Date
Matur Date
Conv Shrs
Conv Price
Distribution Dates 15%
Tax Rate
3/15, 6/15, 9/15 & 12/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
Goto Parent Company's Record (EXXI)
Notes:  The company does not currently intend to apply for listing of the convertible preferred stock on any securities exchange or stock market.
IPO - 10/29/2010 - 1.00 Million Shares @ $250.00/share.    Link to IPO Prospectus
Market Value $ 250 Million

Company's Online Information Links
HOME PAGE:     http://www.energyxxi.com/
Company's Investor Relations Information Goto Investor Relations Information
Company's Online News Releases Goto News Releases
Online Company Profile Goto Online Profile
Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Goto SEC Filings
Foreign Address and Phone Numbers
Address:   Canons Court, 22 Victoria Street, P.O. Box HM 1179, Hamilton, HM EX, Bermuda

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#8   EXIXQ BK PLAN effective. All shares cancelled: Renee 12/30/16 05:12:16 PM
#7   EXIXF changed to EXIXQ, bankruptcy: Renee 04/14/16 05:19:48 PM
#6   In with a hundred. Good luck to everyone. Fanthos 01/21/16 10:35:58 AM
#5   Interesting.... Hmmm ~Nautical~ 01/20/16 01:26:50 AM
#4   Good place to jump into if BK ;-) Zilla 08/19/15 10:14:48 PM
#3   $EXIXF DD Notes ~ http://www.ddnotesmaker.com/EXIXF stocktrademan 11/26/14 09:47:38 AM
#2   Nice climb. Soapy Bubbles 04/18/11 06:49:44 PM
#1   http://www.energyxxi.com/ Soapy Bubbles 03/24/11 09:05:10 PM