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UCBH Holdings Inc., 8.50% Non-Cumul Perp Convertible Series B Preferred Stock
Ticker Symbol: UBHGQ* CUSIP: 90262T407 Exchange: OTOTC
* NOTE: This security is no longer trading as of 12/30/2013
Security's Distribution is Suspended!
QUANTUMONLINE.COM SECURITY DESCRIPTION: UCBH Holdings Inc., 8.50% Non-Cumulative Perpetual Convertible Series B Preferred Stock, liquidation preference $1000 per share, not redeemable at the issuer's option at any time, and with no stated maturity. Non-cumulative distributions of 8.50% ($85.00) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date fixed by the board, not more than 60 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. 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 (see page S-44 of the prospectus for further information). The preferred shares are convertible any time at the holder's option into 236.1275 common shares of UCBH Holdings Inc. (Nasdaq: UCBH), an initial conversion price of $4.24 per common share. On or after 6/15/2013, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, cause the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
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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 |
OTOTCn
OTOTCps
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8.50%
$85
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$1,000.00
N/A
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6/15/2013
None
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NR NF
12/04/2013
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236.1275
$4.24
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Suspended!
3/15, 6/15, 9/15 & 12/15
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 (UCBH)
Notes: Bankruptcy filed 11/24/2009. ____________ The Preferred Stock will not be listed on any securities exchange.
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IPO - 6/9/2008 - 135,000 Shares @ $1000.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: UBHGP Changed: 3/02/2011
Market Value $135.0 Million
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: 555 Montgomery Street, San Francisco, CA 94111 |
Main Phone Number |
415-315-2800 |
Fax Number |
Not Available |
Investor Relations
Douglas Mitchell
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415-315-2800
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CEO - Thomas S. Wu |
CFO - Craig S. On |
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