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KeyCorp Capital VII, 5.70% Trust Preferred Securities
Ticker Symbol: KEY-C* CUSIP: n.a. Exchange: NYSE
* NOTE: This security is no longer trading as of 6/09/2005
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QUANTUMONLINE.COM SECURITY DESCRIPTION: KeyCorp Capital VII, 5.70% Trust Preferred Securities, liquidation amount $1000 per share, guaranteed by KeyCorp (NYSE: KEY), redeemable at the issuer's option on or after 6/15/2010 at $1000 per share plus accrued and unpaid dividends, maturing 6/15/2035, distributions of 5.70% ($57.00) per annum are paid quarterly on 6/15 & 12/15 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 10 consecutive semiannual periods (but not beyond the maturity date). The trust's assets consist of the 5.70% Junior Subordinated Deferrable Interest Debentures due 6/15/2035 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 (KEY)
Notes: There is a discrepancy in this prospectus. The prospectus states that they are selling 10 million shares at $1000 per share or $10 billion in total. The prospectus also shows that they expect proceeds of $250 million or 1/40 of the $10 billion. This security is not currently trading on any market that QOL can find.
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IPO - 6/9/2005 - 10.00 Million Shares @ $1000.00/share.
Link to IPO Prospectus
Market Value $10.0 Billion
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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: 127 Public Square, Cleveland, OH 44114 |
| Main Phone Number |
216-689-6300 |
| Fax Number |
216-689-7009 |
| Investor Relations
Vernon L. Patterson
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216-689-0520
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| Toll Free Phone Number |
800-539-7216 |
| CEO - Henry L. Meyer III |
CFO - Jeffrey B. Weeden |
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