CHSCM Search Results - QuantumOnline.com
Quick Search
Top Banner

Session.supporter not defined

Register
quantumonline home Income Tables Income Lists Stock Lists Special Lists Investment Services Investment Information quantumonline home

CHS Inc., 6.75% Class B Reset Rate Cumul Redeemable Preferred Stock Series 3
Ticker Symbol: CHSCM     CUSIP: 12542R704     Previous CUSIP:      Exchange: NGS
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  CHS, Inc., 6.75% Class B Reset Rate Cumulative Redeemable Preferred Stock Series 3, liquidation preference $25 per share, redeemable at the issuer's option on or after 9/30/2024 at $25 per share plus accrued and unpaid dividends, and with no stated maturity.

Cumulative distributions of 6.75% per annum ($1.6875 per annum or $0.421875 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 through 9/30/2024 to holders of record on the record date that will be the 10th day prior to the payment date or on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date).

On and after 9/30/2024 distributions will be paid at an annual rate equal to three-month LIBOR plus a spread of 4.155% but in no event will the rate be greater than 8% per annum.

Dividends paid by this preferred security 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) and are also eligible for the dividends received deduction for corporate holders (see page S-34 of the prospectus for further information).

At a change in control, each holder of the Class B Preferred Stock will have the right, for a period of 90 days from the date of the change in control, to require the Issuer to redeem the shares of Class B Series 3 Preferred Stock owned by that holder at $25.00 per share plus all accumulated and unpaid dividends.

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.

Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NGS
Chart
6.75%
$1.69
$25.00
$25.00
9/30/2024
n.a.
NF NF
5/21/2023
3/31, 6/30, 9/30 & 12/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Goto Parent Company's Record (CHSCP)

Notes:  Statement from the 10Q filed January 10, 2024 -- January 2, 2024 per the terms of our Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 2 and Series 3, and the Adjustable Interest Rate (LIBOR) Act, the stated rates of 7.10% and 6.75%, respectively, were fixed at 7.10% and 6.75% (the "Fixed Rates"), respectively. We will pay dividends on Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 2 after March 31, 2024, and on Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 3 after September 30, 2024, at the Fixed Rates until they are redeemed.

IPO - 9/8/2014 - 19.00 Million Shares @ $25.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: CSHPP    Changed: 9/15/14
   Changed: 1/01/00
Market Value $ Million
Click for current CHSCM price quote from the NASDAQ

Yahoo News Summary for CHSCM
YAHOO! Profile for CHSCM
Yahoo Detailed Quote
MarketWatch Quote
MSN Company Report for CHSCM

Company's Online Information Links
HOME PAGE:     https://www.chsinc.com/
Company's Investor Relations Information Goto Investor Relations Information
Company's Online News Releases Goto News Releases
Online Company Profile Goto Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Goto SEC Filings

Company's Email Address Links
Email Contact Form on Website Goto Email Form

Address and Phone Numbers
Address:   5500 Cenex Drive, Inver Grove Heights, MN 55077
Main Phone Number 651-355-6000
Fax Number Not Available
Investor Contact 651-355-6000
Toll Free Phone Number 800-328-6539
CEO - Jay Debertin CFO - Olivia Nelligan

Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.


investment Links contact quantumonline guestbook
quantumonline supporters about quantumonline using quantumonline


QuantumOnline.com
Copyright © 1997 - 2024 QuantumOnline.com. All rights reserved.
Latest Update: