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PFGI Capital Corp., 7.75% Series A Non-cumulative Preferred Stock
Ticker Symbol: PFGIP* CUSIP: 69335W209 Exchange: OTOTC
* NOTE: This security is no longer trading as of 8/13/2010
Security has been Called for: Friday, August 13, 2010
July 9, 2010 -- PFGI Capital Corporation announced the redemption of its Series A Preferred stock and Series B Preferred stock. The redemption date will be August 13, 2010. The redemption price of the Series A Preferred Stock is $25.00 per share, plus $.468229 per share representing all accrued and unpaid dividends from May 18, 2010, (the last dividend payment date) to (but not including) the Redemption Date, for a total redemption price of $25.468229 per share. The redemption price of the Series B Preferred Stock is $100.00 per share, plus $1.208333 per share representing all accrued and unpaid dividends from May 18, 2010, (the last dividend payment date) to (but not including) the Redemption Date, for a total redemption price of $101.208333 per share. Notice of redemption was mailed to holders of the securities today. The redemption and paying agent for the redemption is Computershare Trust Company, N.A. For more information, holders of the securities may contact Computershare at 1-800-546-5141 or write to Computershare at P.O. Box 43014, Providence, RI 02940-3014. Funds for the redemption will be deposited with Computershare on or before the redemption date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: PFGI Capital Corp., 7.75% Series A Non-cumulative Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 8/17/2009 at $25 per share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 7.75% ($1.9375) per annum are paid quarterly on 2/17, 5/17, 8/17 & 11/17 to holders of record on the record date fixed by the board (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. Dividends paid by preferreds issued by REITs are NOT eligible for the 15% 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 Class A preferred shares rank senior to the Class B preferred stock 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.. PFGI Capital has elected to be treated as a real estate investment trust (REIT) for federal income tax purposes.
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Go to Parent Company's Record (PNC)
IPO - 6/6/2002 - 0 Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: PFGI Changed: 2/18/2005
Market Value $98.8 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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