Business: AMG Capital Trust II, 5.15% Convertible Trust Preferred Securities, liquidation amount $50 per share, guaranteed by Affiliated Managers Group Inc. (NYSE: AMG), and maturing 10/15/2037. <p> Cumulative distributions of 5.15% ($2.575) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be the first day of the month in which the payment is due (NOTE: the ex-dividend date is one business day prior to the record date). <p> Dividends paid by trust preferred securities are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> The preferred shares are convertible any time at the holder's option into cash or 0.25 common shares of Affiliated Managers Group Inc. (NYSE: AMG) as elected by AMG, an initial conversion price of $200 per common share. If a holder elects to convert its trust preferred securities in connection with a change in control that occurs prior to October 15, 2017, AMG may be required to pay a make-whole premium by increasing the conversion rate applicable to such trust preferred securities. On or after 10/16/2012, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, cause the preferred shares to be converted into common shares at the then prevailing conversion price. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (but not beyond the maturity date). <p> The trust's assets consist of the 5.15% Junior Subordinated Deferrable Interest Convertible Debentures due 10/15/2037 which were purchased from the company using the funds generated from the sale of the convertible trust preferred securities. See the IPO prospectus for further information on the convertible trust preferred securities and their conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.