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Coastal Bancorp Inc., 9.12% Series A Cumul Preferred Stock
Ticker Symbol: CBSAO* CUSIP: 19041P303 Exchange: NNM
* NOTE: This security is no longer trading as of 7/31/2003
Security has been Called for: Thursday, July 31, 2003
July 2 , 2003 -- Coastal Bancorp, Inc. announced that it will redeem on July 31, 2003 all 1,100,000 shares of its 9.12% Series A Cumulative Preferred Stock (Nasdaq: CBSAO) from stockholders of record on July 31, 2003. The redemption price per share will be $25.19633.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Coastal Bancorp Inc., 9.12% Series A Cumulative Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 5/15/2003 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 9.12% ($2.28) per annum paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the 15th day of the month in which the payment is due or on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date. In regards to 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 (COF)
IPO - 5/11/1999 - 1.10 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $27.8 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: 5718 Westheimer, Suite 600, Houston, TX 77057 |
| Main Phone Number |
713-435-5000 |
| Fax Number |
713-435-5106 |
| Investor Contact (CFO)
Catherine N. Wylie
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713-435-5327
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| Toll Free Phone Number |
800-964-2272 |
| CEO - Manuel J. Mehos |
CFO - Catherine N. Wylie |
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