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UBS Preferred Funding Trust III, 7.25% Non-cumul Trust Preferred Securities
Ticker Symbol: UBS-* CUSIP: 90347V203 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/26/2006
Security has been Called for: Monday, June 26, 2006
May 24, 2006 -- UBS Preferred Funding Trust III (NYSE: UBSPR), a Delaware statutory trust and an indirect wholly-owned subsidiary of UBS AG, announced it will redeem all of its outstanding 7.25% Noncumulative Trust Preferred Securities, CUSIP No. 90347V203 on June 26, 2006. On May 24, 2006, there were USD300,000,000 aggregate liquidation preference of Trust Preferred Securities outstanding. The Trust is redeeming the Trust Preferred Securities in connection with the concurrent redemption by UBS Preferred Funding Company LLC III, a Delaware limited liability company and an indirect wholly-owned subsidiary of UBS AG, of all of the USD300,000,000 aggregate liquidation preference of the LLC's 7.25% Noncumulative Company Preferred Securities held by the Trust. The Trust Preferred Securities will be redeemed for the same amount in cash as the redemption price of the Preferred Securities, which will equal the USD25 liquidation preference of each Company Preferred Security, plus all unpaid Dividends (whether or not declared) accruing during the current Dividend Period to the Redemption Date and all unpaid Definitive Dividends for any prior Dividend Period, without interest and without accumulation of unpaid Nondefinitive Dividends for any prior Dividend Period (in each case as defined in and calculated in accordance with the Limited Liability Company Agreement of the LLC). The regular distribution payment on the Trust Preferred Securities to be paid on June 15, 2006 to record holders as of May 31, 2006, will be paid in the regular manner to such record holders in the amount of USD0.45313 per liquidation preference of Trust Preferred Securities.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: UBS Preferred Funding Trust III, 7.25% Noncumulative Trust Preferred Securities, issue price US$25, representing a corresponding amount of 7.25% Noncumulative Company Preferred Securities of UBS Preferred Funding Co. LLC III, guaranteed by UBS AG (NYSE: UBS), redeemable at the issuer's option on or after 6/26/2006 at US$25 per share plus declared and unpaid dividends, with no stated maturity, and with noncumulative distributions of 7.25% per annum paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record 15 calendar days prior to the payment date. 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 (UBS)
IPO - 6/22/2001 - 12.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $313.0 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 |
| Foreign Address and Phone Numbers |
| Address: Bahnhofstrasse 45, Zurich, Switzerland |
| Main Phone Number |
+41-1-234-41-00 |
| Fax Number |
+41-1-234-34-15 |
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Inv Rel Phone Number
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+41-1-234-4360 |
| Address and Phone Numbers |
| U.S. Representative |
UBS New York |
| Address: 1285 Avenue of the Americas, New York, NY 10019 |
| Main Phone Number |
212-821-3000 |
| Fax Number |
212-713-1381 |
| Investor Contact
David P. Walker
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212-713-6142
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Toll Free Phone Number |
Unknown |
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