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Lincoln National Corp., $3 Cumul Convertible Preferred Shares, Series A
Ticker Symbol: LNC-* CUSIP: 534187208 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/02/2013
Security has been Called for: Tuesday, July 2, 2013
May 23, 2013 -- The board of directors has called for the redemption of all of its outstanding $3.00 Cumulative Convertible Preferred Stock, Series A . The redemption date is July 2, 2013. The Series A Preferred Stock will be redeemed at a price of $80 per security, plus any accrued and unpaid dividends for the period up to but excluding the Redemption Date (Aggregate Redemption Price). There are currently approximately 9,532 shares of Series A Preferred Stock issued and outstanding. From and after the Redemption Date, the only remaining rights will be to receive payment of the Aggregate Redemption Price. In lieu of redemption, shareholders of the Series A Preferred Stock shall have until the close of business on June 27, 2013, to convert each share of Series A Preferred Stock into 16 shares of the Company's common stock. Issuance of the shares of the Company's common stock for the Series A Preferred Stock surrendered for conversion will be made as soon as practicable after valid presentation and surrender to the redemption agent of certificates representing Series A Preferred Shares, together with a written request to convert the shares to Computershare Shareowner Services, 250 Royall Street, Canton, MA 02021, Attn: Corporate Actions. 855-396-2084
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Lincoln National Corp., $3 Cumulative Convertible Preferred Shares, Series A, liquidation preference $80 per share. The Series A Preferred Stock is convertible at any time into shares of Common Stock at a conversion rate of eight shares of Common Stock for each share of Series A Preferred Stock, subject to adjustment for certain events. The Series A Preferred Stock is redeemable at the option of the Corporation at $80 per share plus accrued and unpaid dividends. 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.
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Stock
Exchange |
Cpn Rate
Ann Amt |
LiqPref
CallPrice |
Call Date
Matur Date |
Moodys/S&P
Dated |
Conv Shrs
Conv Price |
Distribution Dates |
15%
Tax Rate |
NYSE
Chart
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3.75%
$3.00
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$80.00
$80.00
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Called for
7/02/2013
None
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Ba1
BBB
11/15/2012
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8.00
N/A
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3/5, 6/5, 9/5 & 12/5
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
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YES
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Go to Parent Company's Record (LNC)
IPO - 9/15/1969 -
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: 150 N. Radnor Chester Road, Radnor, PA 19087 |
| Main Phone Number |
484-583-1400 |
| Fax Number |
484-583-3962 |
| Investor Relations
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800-237-2920
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| Toll Free Phone Number |
800-237-2920 |
| CEO - Dennis R. Glass |
CFO - Frederick J. Crawford |
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