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FCNB Capital Trust, 8.25% Cumul Trust Preferred Securities
Ticker Symbol: FCNBP* CUSIP: 30243V204 Exchange: NNM
* NOTE: This security is no longer trading as of 4/01/2005
Security has been Called for: Friday, April 1, 2005
A QOL user's broker has informed him that FCNBP is to be called on 4/1/2005. We can find not information to confirm this call but assume it to be correct.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: FCNB Capital Trust, 8.25% Cumulative Trust Preferred Securities, liquidation amount $25 per share, guaranteed by FCNB Corp., now part of BB&T Corp. (NYSE: BBT), redeemable at the issuer's option on or after 7/31/2003 at $25 per share plus accrued and unpaid dividends, maturing 7/31/2028, distributions of 8.25% per annum are paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record on the 15th day of the month in which the payment is made. 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 8.25% Subordinated Deferrable Interest Debentures due 7/31/2028 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 (TFC)
IPO - 7/17/1998 - 1.40 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Market Value $35.9 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 Second Street, Winston-Salem, NC 27101 |
| Main Phone Number |
336-733-2000 |
| Fax Number |
336-733-0118 |
| Investor Relations
Tamera Gjesdal
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336-733-3058
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| Toll Free Phone Number |
800-226-5228 |
| CEO - Kelly S. King |
CFO - Daryl Bible |
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