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JPMorgan Chase & Co., Adj Rate Cumul Preferred Stock Series N
Ticker Symbol: JPM-N* CUSIP: 46625H878 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/31/2004
Security has been Called for: Friday, December 31, 2004
Nov. 30, 2004 -- JPMorgan Chase & Co. today announced that it will redeem on December 31, 2004, all outstanding shares of the following series of its Adjustable Rate Cumulative Preferred Stock: Adjustable Rate Cumulative Preferred Stock, Series A, Adjustable Rate Cumulative Preferred Stock, Series L and Adjustable Rate Cumulative Preferred Stock, Series N. The Adjustable Rate Cumulative Preferred Stock, Series N (Series N Preferred), is currently traded on the New York Stock Exchange under the symbol JPMPrN (CUSIP 46625H878). The redemption price per share will be $25.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: JPMorgan Chase & Co., Adjustable Rate Cumulative Preferred Stock, Series N, stated value $25 per share, redeemable anytime at the issuer's option at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with adjustable rate distributions paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the date fixed by the board, not more than 30 days prior to the payment date. The adjustable rate will be 85% of the highest of the Treasury Bill Rate, the Ten Year Constant Maturity Rate or the Thirty Year Constant Maturity Rate with a minimum rate of 4.50% and maximum rate of 10.50% per annum. 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 (JPM)
IPO - 5/2/1994 - 9.10 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $224.0 Million
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: 270 Park Avenue, New York, NY 10017 |
Main Phone Number |
212-270-6000 |
Fax Number |
212-752-4823 |
Investor Contact
Julie Bates
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212-270-7318
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Toll Free Phone Number |
866-576-3228 |
CEO - William B. Harrison, Jr. |
COO - James Dimon |
CFO - Michael J. Cavanagh |
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