Dave, Added some myself this am. (AFC) Yields 29%
Looks like it is senior debt.
Allied Capital Corp., 6.875% Notes due 4/15/2047
Ticker Symbol: AFC CUSIP: 01903Q207 Exchange: NYSE
Security Type: Exchange-Traded Debt Security
SECURITY DESCRIPTION: Allied Capital Corp., 6.875% Notes due 4/15/2047, issued in $25 denominations, redeemable at the issuer's option on or after 4/15/2012 at $25 per share plus accrued and unpaid interest, and maturing 4/15/2047. Distributions of 6.875% ($1.71875) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on 1/1, 4/1, 7/1 & 10/1 respectively. Distributions paid by these debt securities are interest and as such are NOT eligible for the 15% tax rate on dividends and is also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
