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MSDW Capital Trust I, 7.10% Capital Securities
Ticker Symbol: MWC* CUSIP: 553538208 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/11/2003
Security has been Called for: Monday, August 11, 2003
Morgan Stanley has announced that it will redeem on August 11, 2003 all of its 7.10% junior subordinated deferrable interest debentures held by MSDW Capital Trust I. As a result, the trust will redeem on August 11, 2003 all of the trust's 7.10% capital securities (CUSIP 553538208). There are 16,000,000 capital securities outstanding, having an aggregate liquidation amount of $400,000,000 ($25 liquidation amount per security). The capital securities will be redeemed at a redemption price per security equal to the $25 liquidation amount per security plus accumulated and unpaid distributions to but excluding the redemption date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: MSDW Capital Trust I, 7.10% Capital Securities, liquidation amount $25 per share, guaranteed by Morgan Stanley, Dean Witter, Discover & Co., now Morgan Stanley (NYSE: MS), redeemable at the issuer's option on or after 3/12/2003 at $25 per share plus accrued and unpaid dividends, maturing 2/28/2038, distributions of 7.10% per annum are paid quarterly on 2/28, 5/31, 8/31 & 11/30 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 dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 7.10% Junior Subordinated Deferrable Interest Debentures due 2/28/2038 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 (MS)
IPO - 3/6/1998 - 16.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $407.0 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: 1585 Broadway, New York, NY 10036 |
Main Phone Number |
212-761-4000 |
Fax Number |
212-761-0086 |
Investor Contact
William Pike
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212-761-0008
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Toll Free Phone Number |
800-733-2307 |
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