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American General Capital I, 7 7/8% TOPrS Preferred Securities
Ticker Symbol: AGC-A* CUSIP: 02638N105 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/08/2004
Security has been Called for: Wednesday, September 8, 2004
A QOL user has informed us that the entire issue of AGC-A has been called for 9/08/2004 at $25 per share plus accrued dividends of $0.382812 per share. We can find no news release to confirm this call but believe it to be true.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: American General Capital I, 7 7/8% Trust Originated Preferred Securities (TOPrS), liquidation amount $25 per share, guaranteed by American General Corp., now a subsidiary of American Intl Group Inc. (NYSE: AIG), redeemable at the issuer's option on or after 9/08/2004 at $25 per share plus accrued and unpaid dividends, maturing 9/30/2048, distributions of 7 7/8% ($1.96875) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record one business day prior to the payment date while the securities remain in global security form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 7 7/8% Junior Subordinated Deferrable Interest Debentures due 9/30/2048 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 trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below. American General Corp. agreed to be acquired by American International Group, Inc. effective 8/29/01.
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Go to Parent Company's Record (AIG)
IPO - 9/3/1999 - 8.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $213.0 Million
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: 2929 Allen Parkway, Houston, TX 77019 |
Main Phone Number |
713-522-1111 |
Fax Number |
713-523-8531 |
Investor Relations
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800-242-1111
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Toll Free Phone Number |
800-242-1111 |
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CFO - Nicholas R. Rasmussen |
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