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KBK Capital Trust I 9.50% TruPS (KBKCP)

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Last Post: 9/13/2020 8:15:10 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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PostSubject
#56   2020 American Honey Queen: Mary Reisinger Enterprising Investor 09/13/20 08:15:09 PM
#55   KBK CAPITAL CORPORATION (KBKCP) (7/15/20) Enterprising Investor 07/16/20 01:23:03 PM
#54   San Antonio food-maker seeks bankruptcy protection (2/25/19) Enterprising Investor 07/08/20 08:50:29 PM
#53   Fort Worth firm buys San Antonio food company Enterprising Investor 07/08/20 08:38:46 PM
#52   Mission Consumer Capital acquires Nuevo Garcia Foods, LLC (12/20/19) Enterprising Investor 07/08/20 08:33:33 PM
#51   A USFG subsidiary invested about $3.275 million on Enterprising Investor 07/08/20 08:30:48 PM
#50   Mission Consumer Capital announces investment in Rice's Honey (6/30/17) Enterprising Investor 07/08/20 08:02:07 PM
#49   KBK CAPITAL CORPORATION (KBKCP) (6/10/20) Enterprising Investor 06/10/20 11:17:32 PM
#48   KBK CAPITAL CORPORATION (KBKCP) (4/09/20) Enterprising Investor 04/09/20 11:06:48 PM
#47   KBK CAPITAL CORPORATION (KBKCP) (2/24/20) Enterprising Investor 02/25/20 12:27:27 AM
#46   After 15 years of deferral already, the only Gideonmagnus 01/08/20 04:56:33 PM
#45   Exactly. And I’m prepared to wait until the judgement day. Enterprising Investor 01/08/20 02:19:31 PM
#44   Assuming they have the ability to pay deferred Gideonmagnus 01/08/20 02:14:49 PM
#43   Expect a new forbearance request. Market price declines as Enterprising Investor 01/03/20 05:53:15 PM
#42   The forbearance term ends soon, so there should Gideonmagnus 01/03/20 05:34:10 PM
#41   USFG had $7.7 million in assets at 12/31/18. Enterprising Investor 12/28/19 11:24:56 AM
#40   Excerpt from the U.S. Growth Fund Corporation Shareholder Enterprising Investor 12/28/19 11:11:14 AM
#39   KBK CAPITAL CORPORATION (KBKCP) (12/23/19) Enterprising Investor 12/24/19 06:38:45 PM
#38   KBK CAPITAL CORPORATION (KBKCP) (12/18/19) Enterprising Investor 12/22/19 05:38:16 PM
#37   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 07/30/19 12:12:48 AM
#36   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 07/24/19 06:40:33 PM
#35   Fifteen years and counting. Enterprising Investor 07/20/19 07:20:59 AM
#34   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 07/20/19 07:12:43 AM
#32   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 07/16/19 04:23:16 PM
#31   KBK Capital Corporation, which provided commercial loans, mezzanine Enterprising Investor 06/06/19 09:18:50 AM
#30   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 06/06/19 08:32:54 AM
#29   KBK CAPITAL CORPORATION (KBKCP) (5/30/19) Enterprising Investor 06/06/19 08:31:12 AM
#28   Hi Enterpring Investor, Gideonmagnus 05/10/19 02:12:21 PM
#27   I will gladly accept the financial impact of Enterprising Investor 05/08/19 07:10:29 PM
#26   Canter Hanger LLP represents the trustees of the Enterprising Investor 05/08/19 06:49:56 PM
#25   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 05/03/19 05:00:53 PM
#24   KKBK CAPITAL CORPORATION (KBKCP) (4/25/19) Enterprising Investor 05/03/19 11:27:41 AM
#23   USFG (fka KBK Capital) began deferring dividend payments Enterprising Investor 04/03/19 08:16:23 PM
#21   BK CAPITAL CORPORATION (KBKCP) Enterprising Investor 02/08/19 04:23:06 PM
#20   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 01/08/19 08:21:12 PM
#19   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 12/14/18 05:54:32 PM
#18   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 12/13/18 08:16:35 PM
#17   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 10/31/18 11:05:25 PM
#16   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 10/30/18 07:48:20 PM
#15   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 07/24/18 08:34:40 PM
#14   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 07/17/18 04:23:47 PM
#13   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 07/10/18 07:09:54 PM
#12   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 05/03/18 04:47:39 PM
#11   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 05/02/18 04:45:46 PM
#10   Nothing. I don’t expect anything in my mailbox anytime soon. Enterprising Investor 04/12/18 08:24:05 PM
#9   Thanks. Do you have any current info that em1988 04/12/18 08:12:16 PM
#8   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 12/22/17 12:45:23 AM
#7   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 12/21/17 08:38:17 AM
#6   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 12/17/17 08:02:17 PM
#5   KBK CAPITAL CORPORATION (KBKCP) Enterprising Investor 12/06/17 10:38:33 PM
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