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Santander Finance Preferred, 6.41% Non-cumul Guar Series 1 Preferred Stock
Ticker Symbol: SAN-I* CUSIP: 80281R300 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/15/2018
Security has been Called for: Friday, June 15, 2018
6/15/2018 -- Our quote system has deleted SAN-I which most likely means that this issue has been called but we can find no information concerning a call. In any event we are assuming that the issue has been called or about 6/15/2018. ____________ 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, 6.41% Non-cumulative Guaranteed Series 1 Preferred Securities, guaranteed by Banco Santander Central Hispano S.A. (NYSE: STD), liquidation preference $25 per share, redeemable at the issuer's option on or after 3/11/2009 at $25 per share plus declared and unpaid dividends, and with no stated maturity. Noncumulative distributions of 6.41% ($1.6025) per annum paid quarterly on 3/11, 6/11, 9/11 & 12/11 to holders of record on the 15th day of the month prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The preferred's dividends will not be subject to Spanish taxation or withholding for U.S. holders. 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 38 of the prospectus for further information). In regards to payment of dividends and upon liquidation, the preferred shares rank junior to all liabilities of Santander Finance, 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 - 3/11/2004 - 7.60 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: STD-I Changed: 6/13/2012
Market Value $190.0 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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