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Security Details
- Coupon Rate
- 7.88%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 7/13/2004
- Maturity Date
- 7/13/2039
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 1.96875
- Distribution Dates
- 1/31, 4/30, 7/31 & 10/31
- Credit Ratings
- Moody's Caa2 · S&P CCC+ (11/2/2011)
- Tax-Advantaged Dividends
- No
Security Profile
Security's distribution is suspended.
- CUSIP
- 001765866
- Market Cap
- Small Cap · $126 Million
- IPO
- 7/8/1999 · $25.00/share
- Parent Company
- AMR Corp. (AAMRQ)
Business: AMR Corp., 7.875% Public Income NotES (PINES), due 2039, issued in $25 denominations, redeemable at the issuer's option on or after 7/13/2004 at $25 per share plus accrued and unpaid dividends, maturing 7/13/2039, distributions of 7.875% ($1.96875) per annum are paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record on the 15th day on the month in which the payment is made (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the 15% tax rate on dividends and is also NOT eligible for the dividend received deduction for corporate holders. The PINES are general unsecured, unsubordinated obligations of AMR and will rank equally with all other unsecured and unsubordinated indebtedness of the Company. The PINES are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. See the IPO prospectus for further information on the PINES by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: Dec. 29, 2011 -- AMR Corporation, the parent company of American Airlines, Inc. and AMR Eagle Holding Corporation, reported that it has received written notification from the New York Stock Exchange advising AMR that its common stock, traded under the symbol AMR, its 9% Debentures due 2016 traded under the symbol AMR 16 and its 7.875% PINES (Public Income Notes) due 2039 traded under the symbol AAR will be suspended from trading on the NYSE, and that the NYSE will apply to the Securities and Exchange Commission to commence delisting procedures for these securities. The suspension will begin prior to the opening of the market on Thursday, Jan. 5, 2012 . NYSE advised AMR that it is taking these steps because the average closing price of AMR's common stock fell below the NYSE's continued listing minimum share price standard of $1 over a consecutive 30-trading-day period. ____________ 11/30/2011 -- The dividend suspension indicated is an assumption on the part of QuantumOnline that the distributions on AAR will be suspended as a result of the bankruptcy filing but we have no specific information to confirm the suspension. ____________ Nov 29, 2011 -- AMR Corporation, the parent company of American Airlines, Inc. and AMR Eagle Holding Corporation, announced that in order to achieve a cost and debt structure that is industry competitive and thereby assure its long-term viability and ability to continue delivering a world-class travel experience for its customers, the Company and certain of its U.S.-based subsidiaries (including American and American Eagle), today filed voluntary petitions for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of New York.
Company Contact
- CEO
- Gerard J. Arpey
- CFO
- James A. Beer
- Headquarters
- 4333 Amon Carter Blvd., Fort Worth, TX 76155
- Phone
- 817-963-1234 · Toll-Free 800-267-6177
- Fax
- 817-967-3816
- Investor Relations
- Kathy Bonanno · 817-967-2940 · Investor.Relations@aa.com