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Corteva, Inc., $4.50 Series Cumulative Preferred Stock
Ticker Symbol: CTA-B CUSIP: 263534307 Exchange: NYSE
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Corteva, Inc. formerly DowDuPont, Inc., formerly E.I. du Pont de Nemours & Co., $4.50 Series Cumulative Preferred Stock, liquidation preference $100 per share, redeemable anytime at the company's option at $120.00 per share plus accrued and unpaid dividends, and with no stated maturity. Distributions are paid quarterly on 1/25, 4/25, 7/25 & 10/25. 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.
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Go to Parent Company's Record (CTVA)
Notes: June 1, 2019 -- DowDuPont Inc. (which subsequently changed its name to DuPont de Nemours, Inc.) completed the previously announced separation of its agriculture business. The separation was completed by way of a pro rata distribution of all of the then-issued and outstanding shares of common stock, par value $0.01 per share, of Corteva, Inc. to holders of record of DowDuPont common stock as of the close of business on May 24, 2019. In connection with the Corteva Distribution and a series of internal reorganizations, on May 31, 2019, DowDuPont contributed all of the outstanding common stock of E. I. du Pont de Nemours and Company (Historical DuPont) to Corteva. As a result, Historical DuPont is now a subsidiary of Corteva and, beginning on June 3, 2019, will do business as Corteva Agriscience. Each share of Historical DuPont’s Preferred Stock-$3.50 Series and Preferred Stock-$4.50 Series issued and outstanding immediately prior to the Corteva Distribution remained issued and outstanding and was unaffected by the Corteva Distribution and Internal Reorganizations. Shares of Historical DuPont’s Preferred Stock-$3.50 Series and Preferred Stock-$4.50 Series will continue trading on June 3, 2019 on the NYSE under the new ticker symbols CTAPrA and CTAPrB, respectively, and will no longer trade under ticker symbols DDPrA and DDPrB, respectively. In addition, as a result of the Corteva Distribution and Internal Reorganizations, Corteva became the successor issuer to Historical DuPont pursuant to Rule 15d-5 promulgated under the Securities Exchange Act of 1934, as amended. ____________ Sept. 1, 2017 DowDuPont (NYSE:DWDP) today announced the successful completion of the merger of equals between The Dow Chemical Company (Dow) and E.I. du Pont de Nemours & Company (DuPont), effective Aug. 31, 2017. The combined entity is operating as a holding company under the name DowDuPont with three divisions; Agriculture, Materials Science and Specialty Products. Shares of DuPont and Dow ceased trading at the close of the NYSE on Aug. 31, 2017. Beginning today, DowDuPont will start trading on the New York Stock Exchange under the stock ticker symbol DWDP. Pursuant to the merger agreement, Dow shareholders received a fixed exchange ratio of 1.00 share of DowDuPont for each Dow share, and DuPont shareholders received a fixed exchange ratio of 1.282 shares of DowDuPont for each DuPont share. The DuPont Preferred Stock remains listed on the NYSE.
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Previous Ticker Symbol: DD-B Changed: 6/03/2019
Previous Name: DowDuPont, Inc.., $4.50 Series Cumulative Preferred Stock Changed: 6/01/2019
Market Value $ 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: 974 Centre Road, Wilmington, DE 19805 |
| Main Phone Number |
302-485-3000 |
| Fax Number |
Not Available |
| Investor Contact
Megan Britt
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302-485-3279
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| CEO - James C. Collins Jr. |
CFO - Gregory R. Friedman |
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