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DCP Midstream LP 7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

Coupon is fixed at 7.875% until 5/15/2023 after which it will float at a rate of 3 month Libor plus a spread of 4.919%

DCP has been acquired by Phillips 66 effective 6/15/2023

Redeemed 06/15/2023

Ticker: DCP-B

Parent Ticker: DCP

OTC Grey Market Temporary Ticker: DCPMP

Issuance Date: 05/09/2018

1st Call Date: 05/15/2023

Maturity Date: None

Shares Issued: 6,000,000

Overallotment Shares: 900,000

Coupon: 7.875%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.4922

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: B

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: B1

Fitch Rating: BB-