Youngevity International, Inc. 9.75% Ser D Cumul Redeemable Perpetual Pref Stock (YGYIP)
OTOTC · · CUSIP 987537305
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
9.75%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
9/23/2022
Maturity Date
None
Distribution Period
M
Rate Type
Fixed
Annual Distribution
2.44
Distribution Dates
15th day of the Month
Credit Ratings
Moody's NF · S&P NF (4/23/2023)
Tax-Advantaged Dividends
Yes

Security Profile

Security's distribution is suspended.
Security Type
Traditional Preferred Stock »
CUSIP
987537305
IPO
9/20/2019 · $25.00/share
Parent Company
Youngevity International, Inc. (YGYI*)
Business: Youngevity International, Inc., 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock liquidation preference $25 per share, redeemable at the issuer's option on or after 09/23/2022 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of 9.75% per annum ($2.4375 per annum or $0.203125 per month) will be paid monthly on the 15th day of the month to holders of record on the record date fixed by the board, that will be the last day of the month preceding the payment date (NOTE: the ex-dividend date is one business day prior to the record date).<p> 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 (see page S-24 of the prospectus for further information).<p> Upon the occurrence of a change of control resulting in the common shares of the surviving entity no longer being listed on the NYSE, the AMEX or the Nasdaq exchanges the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends.<p> This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: December 05, 2023 -- SEC registration revoked.

Company Contact

CEO
Stephan Wallach
CFO
David Briskie
Headquarters
2400 Boswell Road, Chula Vista, CA 91914
Phone
619-934-3980
Fax
619-934-3205
Investor Relations
Dave Briskie · 800-982-3189 · investors@ygyi.com
Email Form
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