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MBNA Corp., 7 1/2% Cumulative Preferred Stock, Series A
Ticker Symbol: KRB-A* CUSIP: 55262L209 Exchange: NYSE
* NOTE: This security is no longer trading as of 11/03/2005
Security has been Called for: Thursday, November 3, 2005
Oct. 4, 2005 -- MBNA Corporation today announced that it will redeem all outstanding shares of both its 7-1/2% Cumulative Preferred Stock, Series A, CUSIP 55262L209, NYSE Symbol KRB Pr A and its Adjustable Rate Cumulative Preferred Stock, Series B, CUSIP 55262L308, NYSE Symbol KRB Pr B effective as of November 3, 2005. The Series A preferred stock will be redeemed at a price of $25.09896 per share, which includes the face amount of $25.00 per share plus $0.09896 of current period dividends that are accrued through the Redemption Date. The Series B preferred stock will be redeemed at a price of $25.0726 per share, which includes the face amount of $25.00 per share plus $0.0726 of current period dividends that are accrued through the Redemption Date. As previously announced, a quarterly dividend of $0.46875 per share on the Series A preferred stock and a quarterly dividend of $0.3438 per share on the Series B preferred stock will be paid on October 17, 2005 to stockholders of record as of September 30, 2005, for the dividend period July 15, 2005 through October 14, 2005.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: MBNA Corp., 7 1/2% Cumulative Preferred Stock, Series A, stated value $25 per share, redeemable at the issuer's option on or after 1/15/2001 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the date fixed by the board, not more than 60 days prior to the payment date. 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 Article IX Amendments on page 4 of the 10K-405 filed on 3/21/97 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 (BAC)
IPO - 11/20/1995 - 6.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $114.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Address and Phone Numbers |
| Address: Wilmington, DE 19884-0131 |
| Main Phone Number |
800-362-6255 |
| Fax Number |
302-456-8541 |
| Investor Relations
Edward H. Murphy
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800-362-6255
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| Toll Free Phone Number |
800-441-7048 |
| CEO - Bruce L. Hammonds |
CFO - Kenneth A. Vecchione |
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