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Security Details
- Coupon Rate
- 4.00%
- Liquidation Preference
- $100.00
- Call Price
- —
- Call / Redemption Date
- —
- Maturity Date
- —
- Distribution Period
- —
- Rate Type
- Fixed
- Annual Distribution
- 4.00
- Distribution Dates
- Credit Ratings
- Moody's NR · S&P NR (2/20/2024)
- Tax-Advantaged Dividends
- Yes
Security Profile
- CUSIP
- 460146202
- Market Cap
- Micro Cap
- Parent Company
- International Paper Co. (IP)
Business: International Paper Co., $4 Nonredeemable Cumulative Preferred Stock, stated value $100 per share. 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: June 10, 2014 -- International Paper (NYSE:IP) today announced the timing and additional details regarding the spinoff of its distribution solutions business, xpedx. As previously announced, immediately following the spinoff of the xpedx business to International Paper shareholders, UWW Holdings, Inc., the parent company of Unisource Worldwide, Inc. will merge with and into the xpedx business to form a new, publicly-traded company, Veritiv Corporation, to be listed on the NYSE on July 2, 2014 under symbol VRTV. Immediately after the spinoff and the merger, Veritiv will own and operate the combined distribution solutions businesses of xpedx and Unisource.
Company Contact
- CEO
- Mark S. Sutton
- CFO
- Tim S. Nicholls
- Headquarters
- 6400 Poplar Avenue, Memphis, TN 38197
- Phone
- 901-419-7000 · Toll-Free 800-207-4003
- Investor Relations
- Jay Royalty · 901-419-1731