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Ford Motor Co. Capital Trust II, 6.50% Cumul Convertible Trust Preferred Sec
Ticker Symbol: F-S* CUSIP: 345395206 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/15/2011
Security has been Called for: Tuesday, March 15, 2011
Feb. 10, 2011 – Ford Motor Company (NYSE: F) announced that on March 15, 2011 all of the outstanding 6.50% Cumulative Convertible Trust Preferred Securities (liquidation amount $50 per trust preferred security) (NYSE: F PR S) of its subsidiary trust, Ford Motor Company Capital Trust II, will be redeemed for cash at a redemption price of $50.33 per trust preferred security, plus accrued and unpaid distributions of $0.5416667 per trust preferred security. The redemption of the trust preferred securities will result from Ford redeeming for cash all of the $2.98 billion aggregate principal amount outstanding of its 6.50% Junior Subordinated Convertible Debentures held by Ford Motor Company Capital Trust II, as Ford continues to aggressively strengthen its balance sheet. Instead of having trust preferred securities redeemed for cash, holders may convert their trust preferred securities at any time until 5 p.m. EDT, March 14, 2011, into shares of Ford common stock at a rate of 2.8769 shares per trust preferred security (liquidation amount $50 per trust preferred security) converted (equivalent to a conversion price of $17.38 per share of Ford common stock). ____________ From a Ford news release dated 6/30/2010 -- Ford is making a $255 million cash payment to bring current previously deferred quarterly distributions on the 6.50% Cumulative Trust Preferred Securities of Ford Motor Company Capital Trust II. ____________ From the 8-K report filed with the SEC on 3/4/2009 -- Ford intends to elect to defer future interest payments on its 6.50% Junior Subordinated Convertible Debentures due January 15, 2032 as permitted by the terms of the Debentures, which will result in the deferral of the quarterly distributions on the 6.50% Cumulative Convertible Trust Preferred Securities (liquidation preference $50.00 per preferred security) of Ford Motor Company Capital Trust II for a corresponding period. The deferral will commence with the April 15, 2009 payment date. Under the terms of the Debentures, Ford is permitted to defer payments of interest for up to 20 consecutive quarters.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Ford Motor Company Capital Trust II, 6.50% Cumulative Convertible Trust Preferred Securities, liquidation preference $50 per share, guaranteed by Ford Motor Co. (NYSE: F), redeemable at the issuer's option on or after 1/15/2007 at $50 per share plus accrued and unpaid dividends, maturing 1/15/2032, distributions of 6.50% per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the 15th day prior to the payment date. The preferred shares are convertible any time at the holder's option into 2.8249 common shares of Ford Motor Co. (NYSE: F), an initial conversion price of $17.70 per common share. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (see IPO prospectus for details). The trust's assets consist of the 6.50% Junior Subordinated Deferrable Interest Convertible Debentures due 1/15/2032 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 convertible preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Stock
Exchange |
Cpn Rate
Ann Amt |
LiqPref
CallPrice |
Call Date
Matur Date |
Moodys/S&P
Dated |
Conv Shrs
Conv Price |
Distribution Dates |
15%
Tax Rate |
NYSE
Chart
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6.50%
$3.25
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$50.00
$50.00
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Called for
3/15/2011
1/15/2032
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B1
B-
2/22/2011
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2.8249
$17.70
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1/15, 4/15, 7/15 & 10/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
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No
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Go to Parent Company's Record (F)
IPO - 1/25/2002 - 90.00 Million Shares @ $50.00/share.
Link to IPO Prospectus
Market Value $4.7 Billion
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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: One American Road, Dearborn, MI 48126 |
| Main Phone Number |
313-322-3000 |
| Fax Number |
313-845-6073 |
| Investor Relations
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800-555-5259
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| Toll Free Phone Number |
800-555-5259 |
| CEO - Alan Mulally |
CFO - L.W.K. Booth |
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