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AES Trust VII, $3.00 Trust Convertible Preferred Securities
Ticker Symbol: AESRO* CUSIP: 00103V305 Exchange: OTCBB
* NOTE: This security is no longer trading as of 5/15/2008
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QUANTUMONLINE.COM SECURITY DESCRIPTION: AES Trust VII, $3.00 Trust Convertible Preferred Securities, liquidation amount $50 per share, guaranteed by AES Corp. (NYSE: AES), redeemable at the issuer's option on or after 5/19/2003 at $50 per share plus accrued and unpaid dividends, and maturing 5/15/2008. Distributions of $3.00 per annum are paid quarterly 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 (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by trust preferred securities are derived from interest paid to the underlying debt securities and therefore are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The preferred shares are convertible any time at the holder's option into 1.0811 common shares of AES Corp. (NYSE: AES), an initial conversion price of $46.25 per common share. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 6% Junior Subordinated Deferrable Interest Convertible Debentures due 5/15/2008 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the convertible trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (AES)
Notes: The AES Trust VII Convertible Securities were originally issued privately and then a shelf prospectus was issued to allow the sale of the securities by the holders.
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IPO - 7/6/2000 - 9.20 Million Shares @ $50.00 /share.
Link to IPO Prospectus
Market Value $133.0 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: 1001 North 19th Street, Suite 2000, Arlington, VA 22209 |
| Main Phone Number |
703-522-1315 |
| Fax Number |
703-528-4510 |
| Investor Relations
Kenneth R. Woodcock
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703-522-1315
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Toll Free Phone Number |
Unknown |
| CEO - Dennis W. Bakke |
CFO - Barry J. Sharp |
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