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Customers Bancorp, 6.375% Senior Notes due 7/31/2018
Ticker Symbol: CUBS* CUSIP: 23204G308 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/31/2018
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Customers Bancorp, 6.375% Senior Notes due 2018, issued in $25 denominations, are not redeemable prior to maturity, and mature 7/31/2018. Interest distributions of 6.375% per annum ($1.59375 per annum or $0.3984375 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are 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. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured senior 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.
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Go to Parent Company's Record (CUBI)
Notes: The 6.375% Senior Notes matured on 7/31/2018 per the form 25-NSE filed with the SEC on 8/1/2018.
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IPO - 7/26/2013 - 2.20 Million Notes @ $25.00/note.
Link to IPO Prospectus
Previous Ticker Symbol: CUBIL Changed: 12/30/2014
Market Value $55.0 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: 1015 Penn Avenue, Suite 103, Wyomissing, PA 19610 |
| Main Phone Number |
610-933-2000 |
| Fax Number |
Not Available |
| Investor Contact (CFO)
Robert Wahlman
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610-743-8074
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| Toll Free Phone Number |
866-476-2265 |
| CEO - Jay S. Sidhu |
CFO - Robert Wahlman |
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