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Bear Stearns Capital Trust II, 7.50% Trust Preferred Securities
Ticker Symbol: BSC-Y* CUSIP: 07383J209 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/15/2003
Security has been Called for: Monday, December 15, 2003
Nov 14, 2003 -- Bear Stearns Capital Trust II, a special purpose trust controlled by The Bear Stearns Companies Inc. (NYSE: BSC), today announced that it has called for redemption all of its outstanding 7.5% Trust Issued Preferred Securities (NYSE: BSC PrY, cusip: 07383J209), totaling $300,000,000 in principal amount. The redemption price will be $25.00 per preferred security plus accrued and unpaid distributions in the amount of $0.3125 per preferred security, due and payable on December 15, 2003 to holders of record on November 14, 2003. The preferred securities are being called pursuant to the redemption provisions of the governing documents and all distributions on the preferred securities will cease to accrue on and after December 15, 2003, the redemption date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Bear Stearns Capital Trust II, 7.50% Trust Preferred Securities, liquidation amount $25 per share, guaranteed by The Bear Stearns Companies Inc. (NYSE: BSC), redeemable at the issuer's option on or after 12/15/2003 at $25 per share plus accrued and unpaid dividends, maturing 12/15/2028, distributions of 7.50% ($1.875) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on 1/1, 4/1, 7/1 & 10/1 respectively. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 7.50% Junior Subordinated Deferrable Interest Debentures due 12/15/2028 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (JPM)
IPO - 12/10/1998 - 12.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $301.0 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: 245 Park Avenue, New York, NY 10167 |
| Main Phone Number |
212-272-2000 |
| Fax Number |
212-272-4785 |
| Investor Relations
Rebecca Hass
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212-272-8188
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| Toll Free Phone Number |
888-473-3819 |
| CEO - James E. Cayne |
CFO - Samuel L. Molinaro, Jr. |
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