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TDS Capital I, 8.50% TOPrS Trust Orig Preferred Securities
Ticker Symbol: TDS-A* CUSIP: 87235W202 Exchange: AMEX
* NOTE: This security is no longer trading as of 9/02/2003
Security has been Called for: Tuesday, September 2, 2003
Aug. 1, 2003 -- Telephone and Data Systems, Inc. (Amex: TDS) today announced that its subsidiary trusts TDS Capital I and TDS Capital II will both redeem all of their outstanding Trust Originated Preferred Securities, totaling $300 million. The redemption date will be Sept. 2, 2003 for both the 8.50% TOPrS and the 8.04% TOPrS. TDS Capital I is redeeming all of its outstanding 8.50% TOPrS (AMEX: TDS.PR.A, CUSIP 87235W202), at a redemption price equal to 100% of the principal amount, or $25.00, plus accrued and unpaid distribution of $0.366 per preferred security. Distributions will cease to accrue on the securities as of the Sept. 2 redemption date. The 8.50% TOPrS became redeemable Nov. 18, 2002. The outstanding principal amount represented by the 8.50% TOPrS is $150 million. TDS Capital II is redeeming all of its outstanding 8.04% TOPrS (AMEX: TDS.PR.B, CUSIP 87235R203), at a redemption price equal to 100% of the principal amount, or $25.00, plus accrued and unpaid distribution of $0.346 per preferred security. Distributions will cease to accrue on the securities as of the Sept. 2 redemption date. The 8.04% TOPrS became redeemable March 31, 2003. The outstanding principal amount represented by the 8.04% TOPrS is $150 million.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: TDS Capital I, 8.50% Trust Originated Preferred Securities (TOPrS), liquidation amount $25 per share, guaranteed by Telephone and Data Systems, Inc., redeemable at the issuer's option on or after 11/18/2002 at $25 per share plus accrued and unpaid dividends, maturing 12/31/2037 which may be extended to 12/31/2046, distributions of 8.50% per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record one business day prior to the payment date while the securities remain in book-entry form. 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 8.50% Junior Subordinated Deferrable Interest Debentures due 12/31/2037, which may be extended to 12/31/2046, 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 (TDS)
IPO - 11/14/1997 - 6.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $151.0 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: 30 North LaSalle Street, Suite 4000, Chicago, IL 60602 |
| Main Phone Number |
312-630-1900 |
| Fax Number |
312-630-1908 |
| Corporate Relations
Mark A. Steinkrauss
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312-592-5384
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Toll Free Phone Number |
Unknown |
| CEO - LeRoy T. Carlson Jr. |
CFO - Sandra L. Helton |
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