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Freeport-McMoRan Copper & Gold Dep Shares Gold-Denom II Preferred
Ticker Symbol: FCX-C* CUSIP: 35671D881 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/01/2006
Security has been Called for: Wednesday, February 1, 2006
Dec. 9, 2005 -- Freeport-McMoRan Copper & Gold Inc. announced today the mandatory redemption, on February 1, 2006, of its Gold-Denominated Preferred Stock, Series II and the related redemption of each outstanding depositary share representing 0.05 shares of its Gold-Denominated Preferred Stock (NYSE: FCX Pr C, CUSIP 35671D881). There are currently 4,305,580 depositary shares of FCX Pr C outstanding. Each depositary share of FCX Pr C will be redeemed for a cash amount equal to 0.10 times the arithmetic average of the London P.M. gold fixing price for one ounce of gold in the London bullion market on each of the 20 trading days ending on January 30, 2006. In addition, holders of the depositary shares of FCX Pr C as of January 17, 2006, will be entitled to receive the regular quarterly dividends payable on February 1, 2006.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Freeport-McMoRan Copper & Gold, Inc., Depositary Shares, Series II, each depositary share representing 0.05 Shares of Gold-Denominated Preferred Stock, Series II, price to the public $38.875 per depositary share, liquidation preference equal to the dollar equivalent of 0.10 ounces of gold per depositary share. The shares are subject to mandatory redemption 2/01/2006 at a price equal to the dollar equivalent of 0.10 ounce of gold per depositary share. Quarterly dividends are equivalent to the dollar value of 0.0008125 ounces of gold per depositary share with distributions paid quarterly on 2/1, 5/1, 8/1 & 11/1 to holders of record on the date fixed by the board. In regards to 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 preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (FCX)
IPO - 1/13/1994 - 3.75 Million Shares @ $38.375/share.
Link to IPO Prospectus
Market Value $117.0 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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