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Dominion Resources, 6.375% 2014 Series A Equity Units due 7/1/2017
Ticker Symbol: DCUC*     CUSIP: 25746U869     Exchange: NYSE
Security Type:   Mandatory Convertible Security
* NOTE: This security is no longer trading as of 7/01/2017

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Dominion Resources, Inc., 6.375% 2014 Series A Equity Units, stated amount $50 per unit, initially consisting of Corporate Units which include a stock purchase contract and a 1/20 undivided beneficial ownership interest in $1,000 principal amount of Dominion Resources, Inc. 2014 Series A 1.50% remarketable subordinated note due 7/1/2020. The stock purchase contract requires the holder to purchase for $50 a variable number of shares of Dominion Resources, Inc. (NYSE: D) common stock no later than 7/1/2017 and pays a contract adjustment rate of 4.875% per annum. The stock purchase settlement rate will be 0.5734 shares per unit if the then current market price is equal to or greater than $87.20 and 0.7167 shares per unit if the market price is equal to or less than $69.76. For market prices between those values the settlement rate will be $50 divided by the market value. Prior to the IPO of this security, the last reported sale price of the common stock on 6/25/2014 was $69.76 per share. The stock purchase contract may be settled any time at the holder’s option and the company will deliver 0.5734 shares of common stock for each purchase contract. The note is due 7/1/2020 and is subject to reset and remarketing to commence no earlier than 3/30/2017. The Corporate Units pay quarterly distributions of 6.375% ($3.1875 per annum on 1/1, 4/1, 7/1 & 10/1 to holders of record on the record date which is one business day prior to the payment date while the securities remain in book-entry form (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The Issuer will have the right to defer interest payments on the Notes one or more times for one or more consecutive interest periods without giving rise to an event of default (see the prospectus for further information). Distributions paid by these securities are derived from interest paid on the underlying debt securities and therefore are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The notes are pledged as collateral to secure the holder's obligations under the stock purchase contract. The holder has the right at any time to convert the Corporate Units to Treasury Units by the substitution of a specified zero-coupon U.S. Treasury security for the units and to later recreate Corporate Units. The units are unsecured subordinated debt and rank equally with the company's other unsecured subordinated notes. See the IPO prospectus for extensive additional information on the equity units and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Conversion
Shares@Price
Distribution Dates 15%
Tax Rate
NYSE
Chart
6.38%
$3.1875
$50.00
$50.00
7/01/2017
7/01/2020
WR BBB-
1/01/2018
0.5734@$87.20+
0.7167@$69.76-
1/1, 4/1, 7/1 & 10/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (D)

IPO - 6/25/2014 - 18.00 Million Units @ $50.00/unit.    Link to IPO Prospectus
Previous Ticker Symbol: DMNRU    Changed: 7/11/2014
Market Value $900.0 Million

Company's Online Information Links
HOME PAGE:     http://www.dom.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address Investor.Relations@dom.com
Email Request Form on Website Go to Email Form

Address and Phone Numbers
Address:   120 Tredegar Street, Richmond, VA 23219
Main Phone Number 804-819-2000
Fax Number 804-819-2205
Investor Relations 804-819-2000
Toll Free Phone Number Unknown
CEO - Thomas F. Farrell, II CFO - Mark F. McGettrick

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