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Goldman Sachs Group, 6.20% Dep Shares Non-cumul Preferred, Stock Series B
Ticker Symbol: GS-B* CUSIP: 38144X500 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/12/2019
Security has been Called for: Monday, August 12, 2019
June 14, 2019, The Goldman Sachs Group, Inc. today announced that it will redeem all of the 6,000 outstanding shares of its 6.20% Non-Cumulative Preferred Stock, Series B and the corresponding 6,000,000 depositary shares each representing a 1/1000th interest in a share of Series B Preferred Stock, on August 12, 2019. The Depositary Shares are currently traded on the New York Stock Exchange under the symbol GS PrB (CUSIP 38144X500). The Depositary Shares will be redeemed for a redemption price equal to $25 per Depositary Share (equivalent to $25,000 per share of Series B Preferred Stock). From and after the Redemption Date, all dividends will cease to accrue on the Series B Preferred Stock. Simultaneously with the redemption of the Series B Preferred Stock, the Bank of New York Mellon will redeem all of the outstanding Depositary Shares on the Redemption Date, for an amount per Depositary Share equal to the Redemption Payment. Also, any dividend declared by the Company’s board of directors (or a committee thereof) on the Series B Preferred Stock that is payable on the August 12, 2019 dividend payment date will be paid on August 12, 2019 to the record holders as of July 28, 2019. However, there is no assurance that the board of directors (or a committee thereof) will declare any such dividend. All Depositary Shares are held in book-entry form through the Depository Trust Company (“DTC”) and will be redeemed in accordance with the procedures of DTC. ____________ January 12, 2018, The Goldman Sachs Group, Inc. today announced that it will redeem 26,000 shares out of a total of 32,000 shares currently outstanding of its 6.20% Non-Cumulative Preferred Stock, Series B and the corresponding depositary shares each representing a 1/1000th interest in a share of Series B Preferred Stock, on February 12, 2018. The Depositary Shares are currently traded on the New York Stock Exchange under the symbol GS PrB (CUSIP 38144X500). The Depositary Shares will be redeemed for a redemption price equal to $25 per Depositary Share (equivalent to $25,000 per share of Series B Preferred Stock) for a total Redemption Payment of $650 million. This redemption follows the Company’s issuance of 5.00% Fixed-to-Floating Non-Cumulative Preferred Stock, Series P on November 1, 2017 for an aggregate liquidation preference of $1.5 billion and the Company’s redemption of all of its outstanding 5.95% Non-Cumulative Preferred Stock, Series I for a redemption payment of $850 million plus accrued but unpaid dividends on November 17, 2017. From and after the Redemption Date, all dividends will cease to accrue on the redeemed Series B Preferred Stock. Simultaneously with the partial redemption of the Series B Preferred Stock, the Bank of New York Mellon will redeem a corresponding number of Depositary Shares on the Redemption Date, pro rata and in accordance with the applicable procedures of the Depositary Trust Company, for an amount per Depositary Share equal to the Redemption Payment. Also on February 12, a dividend of $0.3875 per Depositary Share shall be paid to the record holders as of January 28, 2018. All Depositary Shares are held in book-entry form through the Depository Trust Company (“DTC”) and will be redeemed in accordance with the procedures of DTC.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Goldman Sachs Group Inc., Depositary Shares, each representing 1/1000th interest in a share of 6.20% Non-cumulative Preferred Stock, Series B, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 10/31/2010 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 6.20% ($1.55) per annum are paid quarterly, if declared by the board of directors, on 2/10, 5/10, 8/10 & 11/10 to holders of record on the 15th calendar day prior to the payment date or on the date fixed by the board, not more than 60 days or less than 10 days prior to 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. 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 (GS)
IPO - 10/25/2005 - 32.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: GSGBP Changed: 11/03/2005
Market Value $800.0 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: 200 West Street, 29th Floor, New York, NY 10282 |
| Main Phone Number |
212-902-1000 |
| Fax Number |
Not Available |
| Investor Relations
Heather Kennedy Miner
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212-902-0300
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| CEO - David M. Solomon |
CFO - Stephen M. Scherr |
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