Unum Group, 6.25% Junior Subordinated Notes due 6/15/2058 (UNMA)
NYSE · · CUSIP 91529Y601
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Security Details

Coupon Rate
6.25%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
6/15/2023
Maturity Date
6/15/2058
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
1.56
Distribution Dates
3/15, 6/15, 9/15 & 12/15
Credit Ratings
Moody's Ba1 · S&P BB+ (12/31/2023)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Exchange-Traded Debt Security »
CUSIP
91529Y601
Market Cap
Small Cap
IPO
5/21/2018 · $25.00/share
Parent Company
Unum Group (UNM)
Business: Unum Group, 6.25% Junior Subordinated Notes due 2058, issued in $25 denominations, redeemable at the issuer's option on or after 6/15/2023 at $25 per note plus accrued and unpaid interest, and maturing 6/15/2058. Interest distributions of 6.25% per annum ($1.5625 per annum or $0.390625 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is one business day prior to the record date). The issuer may redeem the notes at any time prior to 6/15/2023, within 90 days after the occurrence of a tax event, a regulatory capital event or a rating agency event at a redemption price equal to (i) in the case of a tax event or a regulatory capital event, 100% of their principal amount plus accrued and unpaid interest or (ii) in the case of a rating agency event, 102% of their principal amount plus accrued and unpaid interest (see prospectus for further information). The issuer has the right to defer the payment of interest on the notes for one or more consecutive interest periods that do not exceed five years (see prospectus for further information). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was rated as Baa3 by Moody’s and BB+ by S&P at the date of its IPO. The Notes are unsecured, junior subordinated obligations of the company and will rank equally with all existing and future unsecured, subordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Company Contact

CEO
Richard P. McKenney
CFO
Steven A. Zabel
Headquarters
1 Fountain Square, Chattanooga, TN 37402
Phone
423-294-1011
Investor Relations
Thomas A.H. White, VP · 423-294-8996 · TAWhite@UNUM.COM
General Email
InvestorRelations@UNUM.COM
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