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Ameren Corp., 9.75% ACES Equity Security Units due 5/15/05
Ticker Symbol: AEE-E* CUSIP: 023608201 Exchange: NYSE
* NOTE: This security is no longer trading as of 5/15/2005
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Ameren Corp., 9.75% Adjustable Conversion-Rate Equity Security Units (ACES), stated amount $25 per unit, initially consisting of Normal Units which include a stock purchase contract and a 4.55% senior note with a principal amount of $25. The purchase contract requires the holder to purchase for $25 a variable number of shares of Ameren Corp. (NYSE: AEE) common stock no later than 5/15/2005 and pays a contract adjustment payment of 4.55% of the stated amount per year The stock purchase settlement rate will be 0.5364 shares per unit if the then current market price is equal to or greater than $46.61 and 0.6329 shares per unit if the price is equal to or less than $39.50. For market prices between those values the settlement rate will be $25 divided by the market value. Prior to the IPO of this security, the last reported sale price of the common stock on 2/26/2002 was $39.50. The senior note is due 5/17/2007 and is subject to reset and remarketing on the third business day prior to 2/15/2005. The Corporate Units pay quarterly distributions of 9.75% ($2.4375) per annum on 2/15, 5/15, 8/15 & 11/15 to holders of record one business day prior to the payment date while the securities remain in book-entry form. The senior notes are pledged as collateral to secure the holder's obligations under the stock purchase contract. The holder has the right at any time to convert the Normal Units to Stripped Units by the substitution of a specified zero-coupon U.S. Treasury security for the senior notes and to later recreate Normal Units. See the IPO prospectus for extensive additional information on the equity units and the mandatory conversion provisions by using the link provided below.
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Stock
Exchange |
Cpn Rate
Ann Amt |
LiqPref
CallPrice |
Call Date
Matur Date |
Moodys/S&P
Dated |
Conversion
Shares@Price |
Distribution Dates |
15%
Tax Rate |
NYSE
Chart
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9.75%
$2.4375
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$25.00
N/A
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5/15/2005
5/15/2007
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A3
BBB+
3/25/2005
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0.5364@$46.61+
0.6329@$39.50-
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2/15, 5/15, 8/15 & 11/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
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No
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Go to Parent Company's Record (AEE)
IPO - 2/28/2002 - 12.00 Million Units @ $25.00/unit.
Link to IPO Prospectus
Market Value $329.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 1901 Chouteau Avenue, St. Louis, MO 63103 |
| Main Phone Number |
314-621-3222 |
| Fax Number |
314-554-2570 |
| Investor Relations
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314-554-3502
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| Toll Free Phone Number |
800-255-2237 |
| CEO - Thomas R. Voss |
CFO - Martin J. Lyons, Jr. |
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