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American General Capital III, 8.05% TruPS Preferred Securities
Ticker Symbol: AGC-B* CUSIP: 02638W204 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/07/2005
Security has been Called for: Wednesday, December 7, 2005
Nov. 23, 2005 -- American General Capital Trust III announced that it will redeem all of its 8.05% Trust Originated Preferred Securities (NYSE: AGCPrB; CUSIP NO: 02638W204) on December 7, 2005 at a redemption price equal to $25.00 per preferred security, plus any accrued and unpaid distributions thereon to the date of redemption.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: American General Capital III, 8.05% Trust Preferred Securities (TRUPS), 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 12/07/2005 at $25 per share plus accrued and unpaid dividends, maturing 12/31/2049, distributions of 8.05% ($2.0125) 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 8.05% Junior Subordinated Deferrable Interest Debentures due 12/31/2049 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.
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Go to Parent Company's Record (AIG)
IPO - 12/4/2000 - 4.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $111.0 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: 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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