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Stifel Financial Capital Trust I, 9.00% Cumul Trust Preferred Securities
Ticker Symbol: SF-A** CUSIP: 860629203 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/13/2007
Security has been Called for: Friday, July 13, 2007
May 31, 2007 -- Stifel Financial Corp., parent company of Stifel Nicolaus & Company, Incorporated, announced today that on July 13, 2007 it will call its $34.5 million 9% Cumulative Trust Preferred Securities, issued through Stifel Financial Capital Trust I on April 25, 2002 and callable June 30, 2007. Stifel previously disclosed it had entered into a non-binding Letter of Intent to issue $35.0 million of 6.78% private placement Cumulative Trust Preferred Securities in the second quarter of 2007. The private placement is expected to close on June 28, 2007. Proceeds from the private placement will be used to fund the redemption of the 9% Cumulative Trust Preferred Securities.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Stifel Financial Capital Trust I, 9.00% Cumulative Trust Preferred Securities, liquidation amount $25 per share, guaranteed by Stifel Financial Corp. (NYSE: SF), redeemable at the issuer's option on or after 6/30/2007 at $25 per share plus accrued and unpaid dividends, maturing 6/30/2032, distributions of 9.00% ($2.25) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 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 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 9.00% Junior Subordinated Deferrable Interest Debentures due 6/30/2032 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 (SF)
IPO - 4/18/2002 - 1.20 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $30.8 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Address and Phone Numbers |
| Address: 501 North Broadway. St. Louis, MO 63102 |
| Main Phone Number |
314-342-2000 |
| Fax Number |
314-342-2151 |
| Investor Contact (CFO)
James M. Zemlyak
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314-342-2228
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| Toll Free Phone Number |
800-488-0970 |
| CEO - Ronald J. Kruszewski |
CFO - James M. Zemlyak |
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