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Merrill Lynch & Co. Inc., 9.00% Dep Shares Cumul Preferred Stock A
Ticker Symbol: MER-A* CUSIP: 590188819 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/30/2004
Security has been Called for: Thursday, December 30, 2004
Nov. 17, 2004 -- Merrill Lynch & Co., Inc. announced today that it has elected to redeem all of its outstanding shares of 9% Cumulative Preferred Stock, Series A, par value $1.00 on December 30, 2004. Merrill Lynch has also authorized Citibank, N.A., as Depositary under the Deposit Agreement dated as of November 3, 1994, to simultaneously redeem all of its outstanding Depositary Shares each representing 1/400th interest in a share of Preferred Stock (CUSIP 590188 81 9) on December 30, 2004. The Depositary Shares are listed on the New York Stock Exchange and trade under the symbol MERPRA. Preferred Stock will be redeemed at a redemption price of $10,000.00 per share plus accrued and unpaid dividends, if any. Depositary Shares will be redeemed at a redemption price of $25.00 per share plus accrued and unpaid dividends, if any. In accordance with the Deposit Agreement, Citibank, N.A. will mail notice of redemption to the record holders of the Depositary Receipts, evidencing the Depositary Shares, on or about November 30, 2004.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Merrill Lynch & Co., Inc., Depositary Shares representing a 1/400th interest in a share of 9% Cumulative Preferred Stock, Series A, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 12/30/2004 at $25 per depositary share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 9% ($2.25) per annum paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record on the date fixed by the board, not more than 30 days or less than 15 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by the preferred are eligible for the 15% tax rate on dividends under normal holding restrictions and are also eligible for the dividends received deduction for corporate holders. In regards to 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 preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (MER)
IPO - 10/31/1994 - 16.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $510.0 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 |
| Address and Phone Numbers |
| Address: 4 World Financial Center, North Tower, New York, NY 10080 |
| Main Phone Number |
212-449-1000 |
| Fax Number |
212-236-4384 |
| Investor Relations
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866-607-1234
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| Toll Free Phone Number |
800-637-7455 |
| CEO - John A. Thain |
CFO - Nelson Chai |
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