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Santander Finance Preferred, 6.50% Non-cumul Guar Series 5 Preferred Stock
Ticker Symbol: SAN-C* CUSIP: 80281R805 Exchange: NYSE
* NOTE: This security is no longer trading as of 4/30/2018
Security has been Called for: Monday, April 30, 2018
5/10/2018 -- A QOL user has informed us that all of his SAN-C shares were redeemed on 4/30/2018. We can find no information regarding a call but are assuming that SAN-C was completely called on 4/30/2018. ____________ For information on the tender offer for these securities, see the form 424B2 filed with the SEC on 8/25/2009.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Santander Finance Preferred S.A. Unipersonal, 6.50% Non-cumulative Series 5 Guaranteed Preferred Securities, liquidation preference $25 per share, redeemable at the issuer's option on or after 1/31/2017 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Distributions of 6.50% ($1.625) per annum are paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record on the record date which will be the 15th calendar day prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. Dividends paid by these preferred 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 (see page 59 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to all liabilities including subordinated liabilities, 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 (SAN)
IPO - 1/31/2007 - 24.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: STD-C Changed: 6/13/2012
Market Value $396.0 Million
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: Ciudad Grupo Santander. Av. De Cantabria s/n, Edificio Pereda, 1ª planta. |
Main Phone Number |
+34-91-259-6520 |
Fax Number |
+34-91-558-14-53 |
Inv Rel Phone Number
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+34 91 259 65 14 |
Address and Phone Numbers |
U.S. Representative |
Banco Santander New York |
Address: 45 East 53rd Street, Floors 9&10, New York, NY 10022 |
Main Phone Number |
212-350-3500 |
Fax Number |
212-350-3535 |
Investor Contact
Jaime Cano
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212-350-3903
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Toll Free Phone Number |
Unknown |
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