Bonus for early redemption. If called on or after 8/31/2023 and prior to 8/31/2024 the redemption is $25.75 plus accrued and unpaid interest. If called on or after 8/31/2024 and prior to 8/31/2025 the redemption is at $25.50 plus accrued and unpaid interest. If called on or after 8/31/2025 but before 8/31/2026 the call is at $25.25 plus accrued but unpaid interest. After 8/31/2026 standard terms apply
Notes may be called any time prior to 1/1/2026 until maturity (3/31/2026) at $25 plus accrued interest and a make whole payment (present value of future interest payments
Redeemable only on a dividend payment date
Bonus for early redemption. If called on or after 1/31/2022 and prior to 1/31/2023 the redemption is $25.75 plus accrued and unpaid interest. If called on or after 1/31/2023 and prior to 1/31/2024 the redemption is at $25.50 plus accrued and unpaid interest. If called on or after 1/31/2024 but before 1/31/2025 the call is at $25.25 plus accrued but unpaid interest. After 1/31/2025 standard terms apply
Acquired by United Rentals
The company has the right to defer interest payments for up to 5 years one or more times without causing a default. Interest will accrue.
Bonus Rate for Early Redemption. On 2/28/2021 and before 2/28/2022 redemption shall be at $25.75 plus accrued interest, on 2/28/2022 and before 2/28/2023 redemption shall be at $25.375 plus accrued interest. On or after 2/28/2023 and prior to 2/29/2024 redemption shall be at $25.25 plus accrued interest–on or after 2/28/2024 redemption will be at $25 plsu accrued interest.
These shares were sold by AMG Capital Trust and the debentures, maturing on 10/15/2037 are the sole asset of the trust. The dividends of these trust preferred shares are NOT qualified for preferential tax treatment. The shares are convertible at anytime, at the option of the owner, into .25 common shares of Affiliated Managers Group (AMG). On or after 10/16/2012, if the price of the common shares exceeds 130% of the conversion price ($200/share) for 20 of 30 consecutive days the company may, at their option, force conversion of the preferred shares. Given that the common shares are trading around $65 on 5/5/2020 it is highly unlikely that the company will ever be able to force conversion.
Distributions (other than contingent distributions) may be deferred for up to 20 consecutive quarterly periods, but not beyond the maturity date of the junior subordinated convertible debentures held by the trust. The junior subordinated convertible debentures will mature on October 15, 2037.
On 1/2/2020 this issue began trading on the NASDAQ and a new ticker was assigned.
Only redeemable on a dividend payment date.