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ATP Oil & Gas Corp., 8.00% Convertible Perpetual Preferred Stock, Series B
Ticker Symbol: ATPGQ* CUSIP: 00208J801 Exchange: OTOTC
* NOTE: This security is no longer trading as of 9/13/2023
Security's Distribution is Suspended!
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QUANTUMONLINE.COM SECURITY DESCRIPTION: ATP Oil & Gas Corp., 8.00% Convertible Perpetual Preferred Stock, Series B, liquidation preference $100 per share, not redeemable at the issuer's option at any time, and with no stated maturity. Cumulative distributions of 8.00% ($8.00) per annum are paid quarterly on 1/1, 4/1, 7/1 & 10/1 to holders of record on the record date of 12/15, 3/15, 6/15 & 9/15 immediately preceding the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-53 of the prospectus for further information). The preferred shares are convertible any time at the holder's option into 4.5045 common shares of ATP Oil & Gas Corp. (NASDAQ: ATPG), an initial conversion price of $22.20 per common share. On or after 10/1/2014, if the price of the common stock exceeds 150% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, cause the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the 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 convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
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IPO - 6/17/2011 - 1.50 Million Shares @ $100.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: ATPGP Changed: 8/20/2012
Market Value $150.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 4600 Post Oak Place, Suite 100, Houston, TX 77027 |
| Main Phone Number |
713-622-3311 |
| Fax Number |
713-622-5101 |
| Investor Contact (CFO)
Albert L. Reese, Jr.
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713-622-3311
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Toll Free Phone Number |
Unknown |
| CEO - T. Paul Bulmahn |
CFO - Albert L. Reese, Jr. |
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