Quick Search
Top Banner

Session.supporter not defined

Register
quantumonline home Income Tables Income Lists Stock Lists Special Lists Investment Services Investment Information quantumonline home

Molycorp, Inc., 5.50% Series A Mandatory Convertible Preferred Stock
Ticker Symbol: MCP-A*     CUSIP: 608753208     Exchange: NYSE
Security Type:   Mandatory Convertible Security
* NOTE: This security is no longer trading as of 3/01/2014

Security has been Called for:  Saturday, March 1, 2014

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Molycorp, Inc., 5.50% Series A Mandatory Convertible Preferred Stock, liquidation preference $100 per share. The preferred shares are mandatorily convertible on 3/1/2014 into a variable number of Molycorp Inc. (NYSE: MCP) common shares based on the then current price of the common shares for 20 consecutive trading days immediately prior to the conversion date. The conversion settlement rate will be 1.6667 shares per unit if the then current market price is equal to or greater than $60.00 and 2.00 shares per unit if the market price is equal to or less than $50.00. For market prices between those values the settlement rate will be $100 divided by the market value. The sale price of the common stock for the simultaneous common stock offering was $50.00 per share. The preferred shares are convertible any time at the holder’s option into 1.6667 shares of common stock. Distributions of 5.50% ($5.50) per annum will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date of 2/15, 5/15, 8/15 & 11/15 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page 167 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds of the company and senior to the common shares of the company. See the IPO prospectus for further information on the mandatory convertible preferred stock and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Conversion
Shares@Price
Distribution Dates 15%
Tax Rate
NYSE
Chart
5.50%
$5.5
$100.00
n.a.
Called for
3/01/2014

3/01/2014
NR NF
12/04/2013
1.6667@$60.00+
2.00@$50.00-
3/1, 6/1, 9/1 & 12/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (MCPIQ)

IPO - 2/11/2011 - 1.80 Million Shares @ $100.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: MCPPP    Changed: 2/16/2011
Market Value $180.0 Million

Company's Online Information Links
HOME PAGE:     http://www.molycorp.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Inv Rel Email Address Jim.Sims@Molycorp.com
General Email Address info@molycorp.com
Email Contact Form on Website Go to Email Form

Address and Phone Numbers
Address:   5619 Denver Tech Center Parkway, Suite 1000, Greenwood Village, CO 80111
Main Phone Number 303-843-8040
Fax Number 303-843-8082
Investor Contact   Jim Sims 303-843-8067
Toll Free Phone Number Unknown
CEO - Mark A. Smith CFO - James S. Allen

Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.


investment Links contact quantumonline guestbook
quantumonline supporters about quantumonline using quantumonline


QuantumOnline.com
Copyright © 1997 - 2024 QuantumOnline.com. All rights reserved.
Web page design latest update: 4/2/2024
Web page financial information is most recent information available and more recent than last web page design date.