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Broadcom, Inc., 8.00% Mandatory Convertible Prfd Stock, Series A Due 9/30/2022
Ticker Symbol: AVGOP*     CUSIP: 11135F200     Exchange: NGS
Security Type:   Mandatory Convertible Security
* NOTE: This security is no longer trading as of 9/30/2022

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Broadcom, Inc., 8.00% Mandatory Convertible Preferred Stock, Series A Due 9/30/2022, liquidation preference $1,000 per share. The preferred shares are mandatorily convertible on 9/30/2022 into a variable number of Broadcom, Inc (NYSE: AVGO) 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 3.0303 shares per unit if the then current market price is equal to or greater than $330.00 and 3.5422 shares per unit if the market price is equal to or less than $282.31. For market prices between those values the settlement rate will be $1,000 divided by the market value. The last reported sale price of the common stock on 9/24/2019 was $282.31 per share. The preferred shares are convertible any time at the holder’s option into 3.0303 shares of common stock. Distributions of 8.0% per annum ($80 per annum or $20 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record dates 3/15, 6/15, 9/15 & 12/15 preceding the payment date (NOTE: the ex-dividend date is one business day prior to the record date). If a Fundamental Change occurs on or prior to 9/30/2022, holders of the Mandatory Convertible Preferred Stock will have the option to convert their shares of Mandatory Convertible Preferred Stock, in whole or in part into the Issuer’s common stock at the Fundamental Change Conversion Rate. Holders who convert their Mandatory Convertible Preferred Stock within the Fundamental Change Conversion Period will also receive a Fundamental Change Dividend Make-Whole Amount (See Prospectus for more information). Dividends paid by this preferred are eligible for a preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under normal holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-55 of the prospectus for further information). 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 mandatory convertible preferred stock and their mandatory conversion provisions 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
NGS
Chart
8.00%
$80.00
$1,000.00
$1,000.00
Not Redeemable
9/30/2022
NR NR
4/14/2022
3.0303@$330+
3.5422@282.31-
3/31, 6/30, 9/30 & 12/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (AVGO)

IPO - 9/25/2019 - 3.25 Million Shares @ $1000.00 /share.    Link to IPO Prospectus
Market Value $3.25 Billion

Company's Online Information Links
HOME PAGE:     https://www.broadcom.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
Email Address investor.relations@broadcom.com
Email Request Form on Website Go to Email Form

Address and Phone Numbers
Address:   1320 Ridder Park Drive, San Jose, CA 95131
Main Phone Number 408-433-8000
Fax Number Not Available
Investor Relations   Beatrice F. Russotto 408-433-8000
CEO - Hock E. Tan CFO - Kirsten Spears

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