Synthetic Fixed-Income Sec STRATS 2005-06, Float Rate Dominion Energy, Inc. (GJP)
NYSE · Preferred · CUSIP 78478P889
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Security Details

Coupon Rate
—
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
—
Maturity Date
6/15/2035
Distribution Period
M
Rate Type
FixFloat
Annual Distribution
Distribution Dates
15th day of each month
Credit Ratings
Moody's NF · S&P NF (5/26/2025)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Third Party Trust Preferred »
CUSIP
78478P889
Market Cap
Micro Cap
IPO
11/14/2005 · $25.00/share
Parent Company
Dominion Energy, Inc. (D)
Business: Synthetic Fixed-Income Securities Inc., Floating Rate STRATS (Structured Repackaged Asset-Backed Trust Securities) Certificates, Series 2005-6, STRATS Trust for Dominion Resources Inc., price to the public $25 per certificate. The underlying securities are the 5.95% Series B Senior Notes due 6/15/2035 issued by Dominion Resources Inc. (NYSE: D). The certificates pay floating rate distributions monthly on the 15th of each month to holders of record on the business day immediately preceding the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The floating interest rate of the certificates will adjust for each distribution date and will be based on the weekly average of the three-month Treasury Bill rate plus 1.15% and are subject to a minimum interest rate of 3.00% and a maximum interest rate of 8.00%. The underlying notes are subject to early redemption if the underlying security issuer ceases to or fails to file periodic reports with the SEC. Certificate ratings at the IPO were BBB+ by S&P. Synthetic Fixed-Income Securities, Inc. is a wholly-owned subsidiary of Wachovia Corporation. For further information on the STRATS Trust Certificates and their interest rate calculations, see the IPO Prospectus by clicking on the ‘Link to IPO Prospectus’ provided below.

Company Contact

Headquarters
Wells Fargo Securities, 375 Park Avenue, New York, NY 10152
Phone
212-214-6277
Investor Relations
William Threadgill · 212-214-6277
SEC EDGAR Filings
View filings »