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Security Details
- Coupon Rate
- 4.00%
- Liquidation Preference
- $50.00
- Call Price
- $50.00
- Call / Redemption Date
- —
- Maturity Date
- None
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 2.00
- Distribution Dates
- 3/1, 6/1, 9/1 & 12/1
- Credit Ratings
- Moody's NF · S&P NF (5/26/2025)
- Conversion
- 16.96
- Tax-Advantaged Dividends
- Yes
Security Profile
Security has been called for March 18, 2026.
- CUSIP
- 110122207
- Market Cap
- Micro Cap
- Previous Symbol
- BMY- (changed 6/10/2013)
- Parent Company
- Bristol-Myers Squibb Co. (BMY)
Business: Bristol-Myers Squibb Co., $2.00 Convertible Preferred Stock, liquidation value $50 per share, callable any time at the company's option, and with no stated maturity. Distributions are paid quarterly on 3/1, 6/1, 9/1 & 12/1. Each preferred share is convertible any time at the holder's option into 16.96 common shares. 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.
Notes: May 16, 2013 -- Bristol-Myers Squibb Company (NYSE: BMY) today announced that it has notified the New York Stock Exchange (NYSE) of its intention to voluntarily delist its $2 Convertible Preferred Stock (the “Preferred Stock”) from the NYSE. The company’s decision to delist the Preferred Stock was driven by the low number of shares outstanding, low daily trading volume, listing fees and compliance administration costs. Currently, 5,064 shares of Preferred Stock remain outstanding, which is below the minimum number of shares specified by Section 802.01 of the NYSE Listed Company Manual. The company expects to file an application on Form 25 to notify the Securities and Exchange Commission of its withdrawal of the Preferred Stock from listing on the NYSE on or about May 28, 2013. The company expects the delisting of its Preferred Stock to become effective on or about June 10, 2013. The company does not intend to re-list the Preferred Stock on another securities exchange, but expects that the Preferred Stock will be quoted on one or more over-the-counter markets. Delisting the Preferred Stock from the NYSE will not affect its terms, including dividend payments. The company intends to maintain the Preferred Stock’s registration under the Securities Exchange Act of 1934, as amended. The Company will continue to maintain the listing of its common stock on the NYSE.
Company Contact
- CEO
- Christopher Boerner
- CFO
- David Elkins
- Headquarters
- Route 206 & Province Line Road, Princeton, NJ 08543
- Phone
- 212-546-4000
- Investor Relations
- John Elicker · 609-252-4611 · investor.relations@bms.com