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National City Capital Trust III, 6.625% Trust Preferred Securities
Ticker Symbol: NCC-B* CUSIP: 63540X201 Exchange: NYSE
* NOTE: This security is no longer trading as of 5/30/2012
Security has been Called for: Friday, May 25, 2012
April 10, 2012 -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that it has submitted a redemption notice to the property trustee for redemption on May 25, 2012 of all of the outstanding trust preferred securities issued by National City Capital Trust III in the amount of $500,000,000 (NYSE: NCCPRB) (CUSIP 63540X201). The trust preferred securities have a current distribution rate of 6.625 percent and an original scheduled maturity date of May 25, 2047. The redemption price will be $25 per trust preferred security plus any accrued and unpaid distributions to the redemption date of May 25, 2012. The redemption is consistent with the capital plan submitted to the Board of Governors of the Federal Reserve and will be funded with available cash. The paying agent is The Bank of New York Mellon Trust Company, N. A., 525 William Penn Place, Suite 153-3800, Pittsburgh, PA 15259. ____________ This security is possibly subject to an early call as a result of the occurrence of a regulatory capital event (see prospectus for further information) stemming from the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet. ____________ Dec. 31, 2008 -- The PNC Financial Services Group, Inc. announced today that it completed its acquisition of National City Corporation .
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QUANTUMONLINE.COM SECURITY DESCRIPTION: National City Capital Trust III, 6.625% Trust Preferred Securities, liquidation amount $25 per share, guaranteed by National City Corp. (NYSE: NCC) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 5/25/2012 at $25 per share plus accrued and unpaid dividends, and maturing 5/25/2047 which may be extended to 5/25/2067. Distributions of 6.625% ($1.65625) per annum are paid quarterly on 2/25, 5/25, 8/25 & 11/25 to holders of record one business day prior to the payment date while the securities remain in global security form. Dividends paid by trust preferred securities are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The company has the right, at any time, to defer dividend payments for up to 40 consecutive quarters without giving rise to an event of default (but not beyond the maturity date) and up to 20 consecutive quarters before the alternative payment mechanism takes effect. The trust's assets consist of the 6.625% Income Capital Notes (ICONS) due 5/25/2047 which may be extended to 5/25/2067 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 (PNC)
IPO - 5/22/2007 - 20.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: NLYPP Changed: 6/15/2007
Market Value $500.0 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: One PNC Plaza, 249 Fifth Avenue, Pittsburgh, PA 15222 |
| Main Phone Number |
412-762-2000 |
| Fax Number |
412-762-7829 |
| Investor Relations
William H. Callihan
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412-762-8257
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| Toll Free Phone Number |
800-843-2206 |
| CEO - James E. Rohr |
CFO - Richard J. Johnson |
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Annaly Capital Management, 7.625% Series C Cumulative Redeemable Preferred Stock
Ticker Symbol: NLY-C* CUSIP: 035710706 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/21/2019
Security has been Called for: Sunday, July 21, 2019
Jun 21, 2019 -- Annaly Capital Management, Inc., today provided notice to the record holders of the Company’s 7.625% Series C Cumulative Redeemable Preferred Stock of the redemption of all 7,000,000 of the issued and outstanding shares of Series C Preferred Stock. The cash redemption amount for each share of Series C Preferred Stock is $25.00 plus accrued and unpaid dividends to, but not including, the redemption date of July 21, 2019. On the Redemption Date, dividends on the Series C Preferred Stock will cease to accumulate and all rights relating to the Series C Preferred Stock will terminate, except the right to receive the Redemption Amount. Payment of the Redemption Amount will be made only upon delivery and surrender of the Series C Preferred Stock to Computershare Inc., the Company’s redemption and paying agent, during its normal business hours at the address specified in the Notice of Redemption. Because the Redemption Date is not a Business Day (as such term is defined in our charter), pursuant to Section 6(h) of the Articles Supplementary designating the Series C Preferred Stock, the Redemption Amount may be paid on the next Business Day and no interest, additional dividends or other sums will accrue on the amount payable for the period from and after the Redemption Date to the next Business Day. The Notice of Redemption and related materials were mailed today to holders of record of the Series C Preferred Stock. Questions relating to the Notice of Redemption and related materials should be directed to Computershare Inc. at 1-800-301-5234. ____________ Jan. 9, 2018 -- Annaly Capital Management, Inc. (NYSE:NLY), today provided notice to the record holders (the Series E Notice of Redemption) of the Company’s 7.625% Series E Cumulative Redeemable Preferred Stock of the redemption of all 11,500,000 of the issued and outstanding shares of Series E Preferred Stock. The cash redemption amount for each share of Series E Preferred Stock is $25.00 plus accrued and unpaid dividends to, but not including, the redemption date of February 8, 2018. Additionally, the Company today provided notice to the record holders (the Series C Notice of Redemption and, together with the Series E Notice of Redemption, of the Company’s 7.625% Series C Cumulative Redeemable Preferred Stock of the redemption of 5,000,000 of the issued and outstanding shares of Series C Preferred Stock. The shares of Series C Preferred Stock will be redeemed pro rata from the holders of record of such shares in proportion to the number of shares of Series C Preferred Stock held by such holders. The cash redemption amount for each share of Series C Preferred Stock is $25.00 plus accrued and unpaid dividends to, but not including, the Redemption Date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Annaly Capital Management, 7.625% Series C Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 5/16/2017 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 7.625% per annum ($1.90625 per annum or $0.4762625 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date that will be the first calendar day of the month in which the payment is due (NOTE: the ex-dividend date is one business day prior to the record date). Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will not have the following conversion right. Upon the occurrence of a change of control, and the company has not provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, 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 preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (NLY)
IPO - 5/11/2012 - 11.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: NLYPP Changed: 5/25/2012
Market Value $275.0 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: 1211 Avenue of the Americas, Suite 2902, New York, NY 10036 |
| Main Phone Number |
212-696-0100 |
| Fax Number |
212-696-9809 |
| Investor Relations
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888-826-6259
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| Toll Free Phone Number |
888-826-6259 |
| CEO - Kevin G. Keyes |
CFO - Glenn A. Votek |
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