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Created: 03/23/2016 02:46:26 PM - Followers: 5 - Board type: Free - Posts Today: 0

KBK Capital Trust I issued 1,725,000 shares of mandatorily redeemable Trust Preferred Securities in 1998. The principal assets of the Trust are approximately $16.0 million in subordinated debentures issued by KBK Capital (now known as U.S. Growth Funds Corporation). The subordinated debentures, which are eliminated upon consolidation of the Trust with the Company, bear interest at a rate of 9.50% and mature in 2028, subject to extension or earlier redemption in certain events. 

U.S. Growth Funds owns all of the common securities of the Trust and a subsidiary owns 1,577,853 TruPS shares (at 12/31/18).

The Preferred Securities are redeemable for cash, at the option of the Trust, in whole or in part, at a redemption price of $10.00 per share plus accumulated and unpaid distributions thereon. The Preferred Securities will also be redeemable upon the repayment either at maturity of the Debentures or as a result of the acceleration of the Debentures upon an event of default.

Distributions on the Preferred Securities are cumulative and accrue at 9.50% per annum on the sum of liquidation value thereof, plus unpaid distributions, which have been accrued in prior quarters. Accrued and unpaid distributions are reflected in accounts payable and other liabilities in the accompanying consolidated balance sheets.

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#63
Still waiting here. Enterprising Investor 03/02/2022 11:35:37 PM
#62
Anyone receive 2020 annual report? Gideonmagnus 03/02/2022 09:33:24 PM
#61
I missed the news. Enterprising Investor 10/02/2021 09:54:28 AM
#60
I would have assumed this is related to Gideonmagnus 10/01/2021 09:30:59 PM
#59
KBKCP has been assigned CUSIP 48241E206 Enterprising Investor 09/29/2021 12:54:57 PM
#58 Received a letter dated 1/05/21 from Chuck stating Enterprising Investor 01/12/2021 09:37:28 PM
#57 KBK CAPITAL CORPORATION (KBKCP) (9/24/20) Enterprising Investor 09/24/2020 10:32:47 PM
#56 2020 American Honey Queen: Mary Reisinger Enterprising Investor 09/13/2020 08:15:09 PM
#55 KBK CAPITAL CORPORATION (KBKCP) (7/15/20) Enterprising Investor 07/16/2020 01:23:03 PM
#54 San Antonio food-maker seeks bankruptcy protection (2/25/19) Enterprising Investor 07/08/2020 08:50:29 PM
#53 Fort Worth firm buys San Antonio food company Enterprising Investor 07/08/2020 08:38:46 PM
#52 Mission Consumer Capital acquires Nuevo Garcia Foods, LLC (12/20/19) Enterprising Investor 07/08/2020 08:33:33 PM
#51 A USFG subsidiary invested about $3.275 million on Enterprising Investor 07/08/2020 08:30:48 PM
#50 Mission Consumer Capital announces investment in Rice's Honey (6/30/17) Enterprising Investor 07/08/2020 08:02:07 PM
#49 KBK CAPITAL CORPORATION (KBKCP) (6/10/20) Enterprising Investor 06/10/2020 11:17:32 PM
#48 KBK CAPITAL CORPORATION (KBKCP) (4/09/20) Enterprising Investor 04/09/2020 11:06:48 PM
#47 KBK CAPITAL CORPORATION (KBKCP) (2/24/20) Enterprising Investor 02/25/2020 12:27:27 AM
#46 After 15 years of deferral already, the only Gideonmagnus 01/08/2020 04:56:33 PM
#45 Exactly. And I’m prepared to wait until the judgement day. Enterprising Investor 01/08/2020 02:19:31 PM
#44 Assuming they have the ability to pay deferred Gideonmagnus 01/08/2020 02:14:49 PM
#43 Expect a new forbearance request. Market price declines as Enterprising Investor 01/03/2020 05:53:15 PM
#42 The forbearance term ends soon, so there should Gideonmagnus 01/03/2020 05:34:10 PM
#41 USFG had $7.7 million in assets at 12/31/18. Enterprising Investor 12/28/2019 11:24:56 AM
#40 Excerpt from the U.S. Growth Fund Corporation Shareholder Enterprising Investor 12/28/2019 11:11:14 AM
#39 KBK CAPITAL CORPORATION (KBKCP) (12/23/19) Enterprising Investor 12/24/2019 06:38:45 PM
#38 KBK CAPITAL CORPORATION (KBKCP) (12/18/19) Enterprising Investor 12/22/2019 05:38:16 PM
#37 KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 07/30/2019 12:12:48 AM
#36 KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 07/24/2019 06:40:33 PM
#35 Fifteen years and counting. Enterprising Investor 07/20/2019 07:20:59 AM
#34 KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 07/20/2019 07:12:43 AM
#32 KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 07/16/2019 04:23:16 PM
#31 KBK Capital Corporation, which provided commercial loans, mezzanine Enterprising Investor 06/06/2019 09:18:50 AM
#30 KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 06/06/2019 08:32:54 AM
#29 KBK CAPITAL CORPORATION (KBKCP) (5/30/19) Enterprising Investor 06/06/2019 08:31:12 AM
#28 Hi Enterpring Investor, Gideonmagnus 05/10/2019 02:12:21 PM
#27 I will gladly accept the financial impact of Enterprising Investor 05/08/2019 07:10:29 PM
#26 Canter Hanger LLP represents the trustees of the Enterprising Investor 05/08/2019 06:49:56 PM
#25 KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 05/03/2019 05:00:53 PM
#24 KKBK CAPITAL CORPORATION (KBKCP) (4/25/19) Enterprising Investor 05/03/2019 11:27:41 AM
#23 USFG (fka KBK Capital) began deferring dividend payments Enterprising Investor 04/03/2019 08:16:23 PM
#21 BK CAPITAL CORPORATION (KBKCP) Enterprising Investor 02/08/2019 04:23:06 PM
#20 KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 01/08/2019 08:21:12 PM
#19 KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 12/14/2018 05:54:32 PM
#18 KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 12/13/2018 08:16:35 PM
#17 KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 10/31/2018 11:05:25 PM
#16 KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 10/30/2018 07:48:20 PM
#15 KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 07/24/2018 08:34:40 PM
#14 KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 07/17/2018 04:23:47 PM
#13 KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 07/10/2018 07:09:54 PM
#12 KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 05/03/2018 04:47:39 PM
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