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Lincoln National Corp., 6.75% Capital Securities due 4/20/2066
Ticker Symbol: LNC-G* CUSIP: 534187802 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/07/2011
Security has been Called for: Thursday, July 7, 2011
June 22, 2011 -- Lincoln National Corporation today announced that it has called for the redemption of all $275 million in outstanding 6.75% Capital Securities due 2066 issued by Lincoln National Corporation (CUSIP 534187 80 2). The Capital Securities will be redeemed at a price of $25.00 per security, plus any accrued and unpaid distributions for the period up to but excluding the redemption date. The redemption date is July 7, 2011. The Capital Securities were issued on April 20, 2006 and were redeemable at Lincoln's option on or after April 20, 2011. Holders of Capital Securities will receive official notice of the redemption by mail. The paying agent for the redemption of the Capital Securities is The Bank of New York Mellon. Holders of the Capital Securities may call the Bond Holder Relations Department of The Bank of New York Mellon at (800) 254-2826.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Lincoln National Corp., 6.75% Capital Securities which are junior subordinated debentures, issued in $25 denominations, redeemable at the issuer's option on or after 4/20/2011 at $25 per share plus accrued and unpaid interest, maturing 4/20/2066, distributions of 6.75% ($1.6875) per annum are paid quarterly on 1/20, 4/20, 7/20 & 10/20 to holders of record on on the day prior to the payment date. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (but not beyond the maturity date). Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Capital Securities are junior subordinated debentures that are unsecured subordinated obligations of the company and will rank junior to all existing and future senior indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (LNC)
IPO - 4/13/2006 - 11.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: LNCGP Changed: 4/28/2006
Market Value $275.0 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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