Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
QUANTUMONLINE.COM SECURITY DESCRIPTION: Las Vegas Sands Corp., 10% Cumulative Perpetual Preferred Stock, Series A, liquidation preference $100 per share, redeemable at the issuer's option on or after 11/15/2011 at $110 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 10% ($10.00) per annum are paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date which is the 15th calendar day prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends on the Series A Cumulative Perpetual Preferred Stock will be payable quarterly in arrears only when and if declared by our Board of Directors, and may be deferred. Deferred dividends compound at a rate of 10% per annum. 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 (see page S-16 of the prospectus for further information). 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 preferred stock by clicking on the 'Link to IPO Prospectus' provided below.
Notes: The Series A Cumulative Perpetual Preferred Stock will not be listed on a national securities exchange, and the company cannot guarantee that a trading market will develop for such securities.