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Banco Santander Puerto Rico, 7.00% Non-cumul Mntly Income Preferred Stock A
Ticker Symbol: SBP-A* CUSIP: 059646208 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/26/2003
Security has been Called for: Friday, December 26, 2003
Nov 28, 2003 -- Banco Santander Puerto Rico, a wholly-owned subsidiary of Santander BanCorp (SBP), today announced that on November 26, 2003, it had mailed notices of the full redemption to holders of record of its 7% Noncumulative Series A Preferred Stock issued on June 26, 1998. The Series A Preferred are listed in New York Stock Exchange under the symbol SBP-A. On December 26, 2003, the Bank will redeem the 2,610,008 Series A Preferred at a redemption price of $26.00 per share. The Bank shall make a total payment of $68,177,396 for 100% of the outstanding Series A Preferred, which will be due to investors on such date and is comprised as follows: (i) the Par amount of $25 for a principal payment of $65,250,200.00; (ii) an additional amount of $1 for a premium payment of $2,610,008.00; and (iii) the accrued interest of $317,818.00.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Banco Santander Puerto Rico, 7.00% Noncumulative Perpetual Monthly Income Preferred Stock, Series A, liquidation preference $25 per share, redeemable at the issuer's option on or after 7/01/2003 at $25 per share plus declared and unpaid dividends, with no stated maturity, and with noncumulative distributions of 7% per annum paid monthly. 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. Banco Santander Central Hispano S.A., Spain's largest financial group, is an 88% owner of Santander BanCorp. which was formed in May 2000 and is the bank holding company for Banco Santander Puerto Rico.
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Go to Parent Company's Record (SAN)
IPO - 6/22/1998 - 2.61 Million Shares @ $21.50/share.
ADR with an ADR ratio of
Market Value $65.2 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: 207 Ponce de Leon Avenue, Hato Ray, PR Puerto Rico 00917 |
| Main Phone Number |
787-759-7070 |
| Fax Number |
Not Available |
| Investor Relations
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787-250-2590
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| Toll Free Phone Number |
800-726-8263 |
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