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Freeport-McMoRan Copper & Gold, Dep Shares Gold-Denom Preferred
Ticker Symbol: FCX-B* CUSIP: 35671D600 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/01/2003
Security has been Called for: Friday, August 1, 2003
June 20, 2003 -- Freeport-McMoRan Copper & Gold Inc. announced today the mandatory redemption, on August 1, 2003, of its Gold-Denominated Preferred Stock and the related redemption of each outstanding depositary share representing 0.05 shares of its Gold-Denominated Preferred Stock (NYSE: FCX Pr B, CUSIP 35671D600). There are currently 6.0 million depositary shares of FCX Pr B outstanding. Each depositary share of FCX Pr B will be redeemed for a cash amount equal to 0.10 times the arithmetic average of the London P.M. gold fixing price for an ounce of gold in the London bullion market on each of the 20 trading days ending on July 30, 2003, plus accrued and unpaid dividends scheduled to be paid on August 1, 2003.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Freeport-McMoRan Copper & Gold, Inc., Depositary Shares each representing 1/20 of a share of the Gold-Denominated Preferred Stock, liquidation preference equal to the dollar equivalent of 0.10 ounces of gold per depositary share. The depositary shares are mandatorily redeemable in August 2003 for the cash value of 0.1 ounce of gold. The depositary shares pay cumulative cash dividends quarterly on 2/1, 5/1, 8/1, & 11/1 that are equal to the value of 0.000875 ounce of gold.
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Go to Parent Company's Record (FCX)
IPO - 8/5/1993 -
Market Value $138.0 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: 1615 Poydras Street, New Orleans, LA 70112 |
| Main Phone Number |
504-582-4000 |
| Fax Number |
504-582-4899 |
| Investor Contact
David P. Joint
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504-582-4203
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| Toll Free Phone Number |
800-535-7094 |
| CEO - Richard C. Adkerson |
CFO - Kathleen L. Quirk |
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