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Matrix Bancorp Capital Trust I, 10% Trust Preferred Securities
Ticker Symbol: MTXCP* CUSIP: 57681L208 Exchange: NNM
* NOTE: This security is no longer trading as of 10/13/2006
Security has been Called for: Friday, October 13, 2006
Sept. 13, 2006 -- United Western Bancorp, Inc. (formerly known as Matrix Bancorp, Inc.) and Matrix Bancorp Capital Trust I announced today that Matrix Bancorp Capital Trust I will redeem all of its outstanding 10% Cumulative Trust Preferred Securities due 2029. Matrix Bancorp Capital Trust I, a trust formed by the Company, issued $27,500,000 of its 10% Cumulative Trust Preferred Securities in July 1999. The redemption date is October 13, 2006. The redemption price of $25.00 per share, plus any accrued and unpaid distributions, will be paid to all holders as of the redemption date. As part of the redemption, the Company will retire the outstanding principal amount of 10% Junior Subordinated Debentures due 2029 issued to Matrix Bancorp Capital Trust I. Holders of the Trust Securities should receive notice of the redemption in the coming weeks from the financial institution through which their trust securities are held. Any questions regarding the redemption should be directed to the holder's financial institution or to the paying agent, U.S. Bank National Association, at P.O. Box 64111, St. Paul, Minnesota 55164-0111, attention Corporate Trust Department or by calling 800-934-6802. __________ A second QOL user has informed us that 62% of his shares were called from his account on 7/8/2005. ________
A QOL user has informed us that there has been a second call on this preferred and that 62% of his shares were being called effective 7/20/2005. We can find no information to confirm this call but assume that the information is correct. ________
Sept. 29, 2004 -- Matrix Bancorp, Inc. announced today the partial redemption of its 10% Cumulative Trust Preferred Securities due 2029. Matrix Bancorp Capital Trust I, a trust formed by the Company, issued $27,500,000 of its 10% Cumulative Trust Preferred Securities in July 1999. The Company will redeem an aggregate amount of $15,000,000 of the Trust Preferred Securities due 2029 in the amount of $25.00 for each Trust Preferred Security, plus accumulated and unpaid distributions through the redemption date. The redemption date is October 29, 2004.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Matrix Bancorp Capital Trust I, 10% Trust Preferred Securities, liquidation preference $25 per share, guaranteed by Matrix Bancorp, Inc., now United Western Bancorp, Inc. (NASDAQ: UWBK), redeemable at the issuer's option on or after 9/30/2004 at $25 per share plus accrued and unpaid dividends, maturing 9/30/2029, distributions of 10% per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record at the close of business on 3/15, 6/15, 9/15 & 12/15 respectively. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 10% Junior Subordinated Deferrable Interest Debentures due 9/30/2029 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 (UWBK)
IPO - 7/26/1999 - 1.10 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $27.4 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: 700 17th Street, Suite 2100, Denver, CO 80202 |
| Main Phone Number |
303-595-9898 |
| Fax Number |
303-390-0952 |
| Investor Contact
Mieke Schierer
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720-832-4210
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Toll Free Phone Number |
Unknown |
| CEO - Richard V. Schmitz |
CEO - D. Mark Spencer |
CFO - David W. Kloos |
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