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Aptiv PLC 5.50% Series A Mandatory Convertible Preferred Shares Due 6/15/2023
Ticker Symbol: APTV-A*     CUSIP: G6095L117     Exchange: NYSE
Security Type:   Mandatory Convertible Security
* NOTE: This security is no longer trading as of 6/15/2023

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Aptiv PLC 5.50% Series A Mandatory Convertible Preferred Shares, liquidation preference $100 per share. The preferred shares are mandatorily convertible on 06/15/2023 into a variable number of Aptiv PLC (NYSE: APTV) common shares based on the then current price of the common shares for 20 consecutive trading days immediately prior to the conversion date. The conversion settlement rate will be 1.0754 shares per unit if the then current market price is equal to or greater than $92.99 and 1.3173 shares per unit if the market price is equal to or less than $75.91. For market prices between those values the settlement rate will be $100 divided by the market value. The last reported sale price of the common stock on 06/09/2020 was $75.91 per share. The preferred shares are convertible any time at the holder’s option into 1.0754 shares of common stock.

Cumulative distributions of 5.50% per annum ($5.50 per annum or $1.375 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on 3/1, 6/1, 9/1 & 12/1 prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by these preference shares 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) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders This company may lose its preferential tax rate if it is classified as a Passive Foreign Investment Company in this or a future tax year (see page S-68 of the prospectus for further information).

If a Fundamental Change occurs on or prior to 06/15/2023 holders of shares may be able to convert into common stock at the fundamental change conversion rate plus a fundamental change dividend make-whole amount (see prospectus for further information).

This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Conversion
Shares@Price
Distribution Dates 15%
Tax Rate
NYSE
Chart
5.50%
$5.5
$100.00
$100.00
Not Redeemable
6/15/2023
NR NR
1/06/2023
1.0754@$92.99+
1.3173@$75.91-
3/15, 6/15, 9/15 & 12/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (APTV)

IPO - 6/9/2020 - 10.00 Million Shares @ $100.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: AVPVF    Changed: 6/16/2020
Market Value $1.0 Billion

Company's Online Information Links
HOME PAGE:     https://www.aptiv.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Inv Rel Email Address elena.rosman@aptiv.com
General Email Address ir@aptiv.com
Email Contact Form on Website Go to Email Form

Foreign Address and Phone Numbers
Address:   5 Hanover Quay, Grand Canal Dock, Dublin, D02 VY79, Ireland
Main Phone Number 011-44-163-423-4422

Address and Phone Numbers
U.S. Representative N.A.
Address:   5725 Innovation Drive, Troy, MI, 48098
Main Phone Number 248-813-2494
Fax Number Not Available
Investor Relations   Elena Rosman 248-813-5091
CEO - Kevin P. Clark CFO - Joseph R. Massaro

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