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Kemper Corp., 7.375% Subordinated Debentures due 2/27/2054
Ticker Symbol: KMPA*     CUSIP: 488401209     Exchange: NYSE
Security Type:   Exchange-Traded Debt Security
* NOTE: This security is no longer trading as of 7/08/2019

Security has been Called for:  Monday, July 8, 2019

From the 8-K filed with the SEC on 6/7/19 -- Redemption of Debentures. On June 7, 2019, the Company sent a redemption notice to the trustee to redeem all $150.0 million aggregate principal amount of the Debentures on July 8, 2019 (the “Redemption Date”) at a redemption price equal to 100% of their principal amount, plus accrued and unpaid interest thereon to, but excluding, the Redemption Date (the “Redemption Price”). Upon completion of the redemption, none of the Debentures will remain outstanding. ____________ 6/4/2019 -- Kemper Corporation (NYSE: KMPR) announced today the pricing of its previously announced underwritten public offering of 1,350,000 shares of its common stock. Kemper has also granted the underwriter a 30-day option to purchase up to 202,500 additional shares of its common stock. Credit Suisse is acting as sole underwriter for the offering. Kemper expects gross proceeds from this offering of approximately $112.1 million (or approximately $128.9 million if the option to purchase additional shares of common stock is exercised in full). Kemper intends to use the net proceeds from this offering together with other funds to redeem all $150.0 million aggregate principal amount of its 7.375% Subordinated Debentures due 2054. This offering is expected to close on June 7, 2019, subject to customary closing conditions.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Kemper Corp., 7.375% Subordinated Debentures due 2054, issued in $25 denominations, redeemable at the issuer's option on or after 2/27/2019 at $25 per note plus accrued and unpaid interest, and maturing 2/27/2054. Interest distributions of 7.375% per annum ($1.83475 per annum or $0.460938 per quarter) will be paid quarterly on 2/27, 5/27, 8/27 & 11/27 to holders of record on the record date that will be 2/12, 5/12, 8/12, 11/12 respectively (NOTE: the ex-dividend date is one business day prior to the record date). The issuer may redeem the debentures prior to 2/27/2019, within 90 days after the occurrence of a tax event, a rating agency event or a regulatory capital event. The issuer has the right to defer the payment of interest on the debentures for one or more consecutive interest periods up to five years (see prospectus for further information). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was rated as Ba1 by Moody’s and BB by S&P at the date of its IPO. The subordinated debentures are unsecured and subordinated obligations of the company and will rank equally with all existing and future unsecured and subordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities 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
Distribution Dates 15%
Tax Rate
NYSE
Chart
7.38%
$1.84
$25.00
$25.00
Called for
7/08/2019

2/27/2054
Ba1 BB
4/03/2019
2/27, 5/27, 8/27 & 11/27
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (KMPR)

IPO - 2/20/2014 - 6.00 Million Debentures @ $25.00 /deb.    Link to IPO Prospectus
Market Value $150.0 Million

Company's Online Information Links
HOME PAGE:     http://www.kemper.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 investors@kemper.com
Email Request Form on Website Go to Email Form

Address and Phone Numbers
Address:   200 E. Randolph Street, Suite 3300, Chicago, IL 60601
Main Phone Number 312-661-4600
Fax Number 312-661-4941
Investor Relations   Michael Marinaccio 312-661-4930
Toll Free Phone Number Unknown
CEO - Joseph P. Lacher, Jr. CFO - James J. McKinney

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