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Associated Banc-Corp, 8.00% Dep Shares Non-Cumul Perp Preferred Stock Series B
Ticker Symbol: ASB-B* CUSIP: 045488202 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/15/2016
Security has been Called for: Thursday, September 15, 2016
July 26, 2016 -- Associated Banc-Corp today announced that it is calling for redemption on September 15, 2016 all of all of its outstanding depositary shares (NYSE: ASB PR B) representing a 1/40th interest in a share of Associated’s 8.00% Perpetual Preferred Stock, Series B. As of today, there are 2,356,137 Depositary Shares outstanding. The Depositary Shares will be redeemed at a redemption price of $25 per Depositary Share, plus an amount equal to any declared and unpaid dividends to the Redemption Date. _____________ Dec. 22, 2014 -- Associated Banc-Corp today announced that the ticker symbol for its Depository Shares, each representing a 1/40th interest in a share of 8.00% Perpetual Preferred Stock, Series B (currently trading on the New York Stock Exchange will change from "ABW PR B" to "ASB PR B" on December 23, 2014. The Company announced earlier this month that it was transferring the listing of its common stock from the NASDAQ Global Select Market to the NYSE. The Company's common stock will begin trading on the NYSE tomorrow, December 23, 2014, under the new ticker symbol "ASB". In addition, the Company's warrants, expiring November 21, 2018, will begin trading on the NYSE MKT tomorrow, December 23, 2014, under the new ticker symbol "ASB WS".
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Associated Banc-Corp, 8.00% Depositary Shares each representing a 1/40th interest in a share of the Non-Cumulative Perpetual Preferred Stock, Series B, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 9/15/2016 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Distributions of 8.00% ($2.00) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the 15th calendar day prior to the payment date or on the record date fixed by the board, not more than 60 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends are initially cumulative but the company plans to submit an amendment at their April 2012 annual meeting to make the dividends non-cumulative (see prospectus for details). If approved, the dividends will become non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. This security is possibly subject to an early call as a result of the occurrence of a regulatory capital treatment event which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet (see the prospectus for further information). 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-31 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds 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.
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Go to Parent Company's Record (ASB)
IPO - 9/7/2011 - 2.60 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: ABW-B Changed: 12/23/2014
Market Value $70.2 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: 433 Main Street, Green Bay, WI 54301 |
| Main Phone Number |
920-491-7500 |
| Fax Number |
Not Available |
| Investor Relations
Robb Timme
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920-491-7059
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| Toll Free Phone Number |
800-236-8866 |
| CEO - Philip B. Flynn |
CFO - Christopher J. Del Moral-Niles |
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