GRM** - General Motors Corp., 1.50% Series D…

General Motors Corp., 1.50% Series D Convertible Senior Debentures due 6/1/2009 (GRM**)

NYSE · · CUSIP 370442691

This security has been delisted at the request of the issuer and is no longer trading, but to our knowledge is still paying distributions to holders. It may start trading on the OTC market, but to our knowledge it has not done so to date.

The reference information below — security type, terms, ratings and company profile — is retained for research. Current pricing is not available.

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Security Details

Coupon Rate: 1.50%
Liquidation Preference: $25.00
Call Price: $25.00
Call / Redemption Date: —
Maturity Date: 6/1/2009
Distribution Period: S
Rate Type: Fixed
Annual Distribution: 0.375
Distribution Dates: 6/1 & 12/1
Credit Ratings: Moody's C · S&P C (2/12/2009)
Conversion: 0.6837 @ $36.57
Tax-Advantaged Dividends: No

Security Profile

Security's distribution is suspended.

Security Type: Exchange-Traded Debt Security »
CUSIP: 370442691
Market Cap: Large Cap · $1 Billion
IPO: 5/25/2007 · $25.00/share
Previous Symbol: GMPP (changed 5/30/2007)
Parent Company: General Motors Co. (GM)

Links: Home Page Investor Relations News

Business: General Motors Corp., 1.50% Series D Convertible Senior Debentures due 6/1/2009, liquidation preference $25 per debenture, and maturing 6/1/2009. Distributions of 1.50% ($0.375) per annum are paid semiannually on 6/1 & 12/1 to holders of record on the preceding May 15 and November 15 record date respectively (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 debentures are convertible prior to 3/1/2009 under special circumstances and on or after 3/1/2009 at the holder's option into 0.6837 common shares of General Motors Corp. (NYSE: GM), an initial conversion price of $36.57 per common share. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the convertible debentures and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Company Contact

CEO: G. Richard Wagoner, Jr.
CFO: Frederick A. Henderson
Headquarters: 300 Renaissance Center, Detroit, MI 48265
Phone: 313-556-5000
Fax: 313-556-5108
Investor Relations: 313-667-1669
Email Form: Material Request Form »
SEC EDGAR Filings: View filings »