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| QUANTUMONLINE.COM SECURITY DESCRIPTION: Southwest Capital Trust II, 10.50% Trust Preferred Securities, liquidation amount $25 per share, guaranteed by Southwest Bancorp Inc. (Nasdaq: OKSB) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 9/15/2013 at $25 per share plus accrued and unpaid dividends, and maturing 9/15/2038. Distributions of 10.50% ($2.625) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which is the 15th day prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by trust preferred securities are derived from interest paid to the underlying debt securities and therefore are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 10.50% Junior Subordinated Deferrable Interest Debentures due 9/15/2038 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the 'Link to IPO Prospectus' provided below. |
| Stock Exchange | Cpn Rate Ann Amt | LiqPref CallPrice | Call Date Matur Date | Moodys/S&P Dated | Distribution Dates | 15% Tax Rate |
|---|---|---|---|---|---|---|
| NGS Chart | 10.50% $2.625 | $25.00 $25.00 | 9/15/2013 9/15/2038 | NF / NF 4/11/11 | 3/15, 6/15, 9/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date | No |
| Company's Online Information Links |
| HOME PAGE: http://www.oksb.com/ | |
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