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Navios Maritime Holdings, 8.75% Dep Shares Ser G Cumul Red Perp Preferred Stock
Ticker Symbol: NMPGY CUSIP: 63938Y100 Exchange: OTOTC
Security's Distribution is Suspended!
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Navios Maritime Holdings, Inc., American Depositary Shares each representing 1/100th of one share of 8.75% Series G Cumulative Redeemable Perpetual Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 1/28/2019 at $25 per depositary share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.75% per annum ($2.1875 per annum or $0.546875 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be the fifth Business Day prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by these preferred shares 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) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders (see page S-46 of the prospectus for further information). This security was not rated by Moody’s or S&P at the time of its IPO. 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 (NM*)
Notes: April 15, 2019 -- Navios Maritime Holdings Inc. today announced the preliminary results of its previously launched exchange offer to exchange cash and/or newly issued 9.75% Senior Notes due 2024 for approximately 66 2/3% of the outstanding American Depositary Shares, representing 1/100th of a share of 8.75% Series G Cumulative Redeemable Perpetual Preferred Stock. The Series G ADS Exchange Offer expired on Friday, April 12, 2019. Based on information provided by the exchange agent, the Bank of New York Mellon, a total of 900,950 Series G ADSs, representing approximately 63.5% of the outstanding Series G ADSs, were properly tendered and not properly withdrawn prior to the expiration of the Series G ADS Exchange Offer. _________ From the Q4 2015 Earnings Presentation issued on the company website IR page on 2/23/2016:
Reducing annual cash requirements
?~ $26 million annual savings from common stock dividend suspension
?~ $15 million annual savings from preferred shares dividend suspension
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IPO - 1/21/2014 - 2.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: NM-G Changed: 2/09/2024
ADR with an ADR ratio of
Market Value $ Million
Click for current NMPGY price quote from the PINK SHEETS
Click for current NMPGY price quote from the NASDAQ
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: 7 Avenue de Grande Bretagne, Office 11B2, Monte Carlo, MC 98000 Monaco |
| Main Phone Number |
+30-210-417-2050 |
| Fax Number |
+30-210-417-2070 |
| Address and Phone Numbers |
| U.S. Representative |
N.A. |
| Address: 825 Third Avenue, 34th Floor, New York, NY 10022 |
| Main Phone Number |
212-223-7000 |
| Fax Number |
212-223-7650 |
| Investor Relations
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212-906-8643
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Toll Free Phone Number |
Unknown |
| CEO - Angeliki N. Frangou |
CFO - George Achniotis |
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