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LaSalle Re Holdings Ltd. (fka LSRAF)

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Last Post: 2/19/2013 12:28:35 PM - Followers: 5 - Board type: Free - Posts Today: 0

 

LaSalle Re Holdings Ltd, 8.75% Series A Preferred Shares
Ticker Symbol: LSRAF     CUSIP: G5383Q119     Exchange: OTOTC
Security Type:   Traditional Preferred Stock

 

Security's Distribution is Suspended!

 

SECURITY DESCRIPTION:  LaSalle Re Holdings Ltd, 8.75% Series A Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 3/27/2007 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 8.75% ($2.1875) per annum paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the date fixed by the board, not more than 60 days or less than 30 days prior to the payment date. In regards to 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. LaSalle Re Holdings Ltd has merged into Trenwick Group Inc. (NYSE: TWK) effective 9/27/2000.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
OTOTC
Chart
8.75%
$2.1875
$25.00
$25.00
3/27/2007
None
WR / NF
1/29/09
Suspended!
3/1, 6/1, 9/1 & 12/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
Yes
Notes:  Nov. 29, 2002--Trenwick Group Ltd. announced today that, in accordance with the terms of Trenwick's current credit facility and forbearance agreement with its letter of credit providers, Trenwick has elected to suspend, with immediate effect and for an indefinite period, dividends or distributions payable on the outstanding Trenwick Group Ltd. Series B Cumulative Convertible Perpetual Preferred Shares, LaSalle Re Holdings Limited's Series A Preferred Shares and Trenwick Capital Trust I 8.82% Exchange Subordinated Capital Income Securities.
IPO - 3/25/1997 - 3.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: LSH-A    Changed: 3/25/03
Market Value $ 1.5 Million
ENTER SYMBOL HERE FOR STOCK INFO  http://www.quantumonline.com/

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 4.

 

 

  Timing and quantum of the initial preference liquidation dividend to the Company’s Series A Preferred Shareholders  

   Under the Company’s constitutional documents, the Company’s Series A Preferred Shareholders are entitled to receive:

     i.    a preference dividend in a liquidation of $25 per share; and

     ii.  accrued but unpaid dividends in a liquidation prior to payments to other shareholders.

 

The Funds available for distribution to shareholders of the Company will be paid to holders of the Company’s Series A Preferred Shares in priority to the Company’s common shareholders to the extent described above. 

The initial distribution to the Company’s Series A Preferred Shareholders will total approximately $31.5 million. This equates to $10.50 for each Series A Preferred Share of the Company.

 

  This preference dividend is payable on July 28, 2008 to the holders of Series A Preferred Stock of record on the books of the Company at the close of business on July 17, 2008.

 

 

5.  Estimated timing of further dividends to the Company’s Series A Preferred

Shareholders

 

This initial distribution to the Company’s Series A Preferred Shareholders represents a distribution of substantially all of the assets of the Company.

 

However, the Company still has a small number of contingent assets which may result in further realizations for the estate in the future. Depending on the outcome of the realisation efforts, an additional distribution to the Company’s preferred shareholders may be made prior to the formal dissolution of the Company.

 

It is anticipated that any further distributions to Series A Preferred Shareholders will occur within 12 months, although the exact timing and the quantum of any further distribution is uncertain.

 

http://www.sec.gov/Archives/edgar/data/1001384/000095014208001284/form8k_070708.htm

 

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Goto Parent Company's Record (TWKGQ)
PostSubject
#118   But wait, CDEL wants to do business with you: sidedraft 02/19/13 12:28:35 PM
#117   I guess we're done here. temp luvs amy 02/19/13 12:25:59 PM
#116   My dimes showed up today at Fidelity. sidedraft 02/16/13 07:51:22 PM
#115   Some people trade on charts, and don't keep temp luvs amy 02/09/13 10:44:07 AM
#114   Why would anyone pay 11¢ for a 10¢ stock? sidedraft 02/08/13 04:15:01 PM
#113   Final Cash Distribution and Dissolution. temp luvs amy 02/04/13 12:30:57 PM
#112   I knew where to find it, and Googled temp luvs amy 04/10/12 04:40:45 PM
#111   Sold half mine for $.25 today. Don't mrholty 04/10/12 04:18:37 PM
#110   I am still watching, but I liquidated at .18. temp luvs amy 04/10/12 04:09:29 PM
#109   You still around on this? mrholty 04/10/12 02:38:11 PM
#108   I finally found those things on FINRA. temp luvs amy 01/11/12 12:03:35 PM
#107   Nice support at 16 cents. As I temp luvs amy 12/16/11 07:09:17 PM
#106   Weren't you talking to the JL at some point? temp luvs amy 12/03/11 11:12:12 AM
#105   Weren't you talking to the JL at some point? temp luvs amy 12/03/11 11:03:51 AM
#104   Back in 08? temp luvs amy 12/02/11 10:01:25 AM
#103   I tried to get a get a recent mrholty 12/02/11 12:51:12 AM
#102   That's a nice bit of sleuthing. temp luvs amy 12/02/11 12:31:22 AM
#101   Oh yeah, I forgot. I've been trying mrholty 12/02/11 12:25:06 AM
#100   I didn't see it was only on 100 mrholty 12/02/11 12:21:02 AM
#99   That 87% uptick in share price didn't tickle temp luvs amy 12/02/11 12:00:47 AM
#98   Dang your post on here and the share mrholty 12/01/11 08:44:24 PM
#97   Here we go!!! temp luvs amy 12/01/11 03:05:10 PM
#96   I just did a bit of digging, and temp luvs amy 10/28/11 12:23:58 PM
#95   Its truly a black box. Late in mrholty 08/02/11 06:28:13 PM
#94   Leftover assets? Punkha 06/30/11 08:32:25 AM
#93   Whoops you are right. My bid was mrholty 05/26/11 09:52:23 AM
#92   Sure it wasn't .065? sidedraft 05/25/11 11:08:18 PM
#91   Seems I got 1700 shares at $.07. mrholty 05/25/11 10:57:49 PM
#90   It looks like our trades sparked some computer temp luvs amy 04/18/11 01:44:44 PM
#89   It appears that I got 300 shares at mrholty 04/08/11 05:20:52 PM
#88   Filled at 11 cents. Swwwweeeeeet. temp luvs amy 04/08/11 12:16:47 PM
#87   12 cents on the ask. Amazing. temp luvs amy 04/08/11 12:09:49 PM
#86   I assume its the hedgies who owned it mrholty 02/09/11 01:54:03 PM
#85   I wonder who actually owns these shares. temp luvs amy 02/09/11 01:47:32 PM
#84   Temp- I think we are the only people on mrholty 02/08/11 02:36:32 PM
#83   Temp- I think we are the only people on mrholty 02/08/11 02:36:29 PM
#82   Also, If you didn't know... temp luvs amy 01/28/11 03:52:06 PM
#81   The web page cleary states the the bondholders temp luvs amy 01/28/11 03:38:43 PM
#80   I contacted them to try and get financials. mrholty 01/26/11 10:28:36 PM
#79   Did you see this link I posted at temp luvs amy 01/14/11 12:23:16 PM
#78   Tallco owns TARCO. Tallco owes on the temp luvs amy 12/02/10 09:39:58 PM
#77   Gotcha. mrholty 12/02/10 07:37:29 PM
#76   Actually, there would be a few years accrued temp luvs amy 12/02/10 06:59:38 PM
#75   Where does one see a tender offer for mrholty 12/02/10 06:28:24 PM
#73   What do you see? temp luvs amy 11/29/10 03:58:20 PM
#72   The Mayans said no such thing. They temp luvs amy 11/29/10 03:41:43 PM
#71   But the world will end on December 21, Stock 11/29/10 01:57:32 PM
#70   Final distribution possible by year end 2012 (11/19/10) Enterprising Investor 11/20/10 05:13:43 AM
#69   Seems funny that they only are offering to sidedraft 11/20/10 12:08:38 AM
#68   I'm thinking closer to 3 dollars. But at walzy 11/20/10 12:03:10 AM
PostSubject
Consent Preferences