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GM Financial Company, Inc. Fixed-Rate Reset Cumulative Preferred Stock, Ser C
Ticker Symbol: TEMP23 CUSIP: 37045XDB9 Exchange:
QUANTUMONLINE.COM SECURITY DESCRIPTION: General Motors Financial Company, Inc. Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series C, liquidation preference $1000 per share, redeemable at the issuer's option on 09/30/2030 and any dividend payment date thereafter at $1000 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of the Annual Fixed Dividend Rate will be paid Semi-annually on 03/30 & 09/30 to holders of record on the record date fixed by the board prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The Annual Fixed Dividend Rate will be 5.70% until the first redemption date, then it will be equal to the sum of the Five-year U.S. Treasury Rate on the applicable fixed rate calculation date plus 4.997%, resetting every 5 years thereafter on applicable fixed rate calculation date (see prospectus for more details). Dividends paid by this preferred security 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) and are also eligible for the dividends received deduction for corporate holders (see page S-19 of the prospectus for further information). This security was rated as Ba2 by Moody’s and BB+ by S&P at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, 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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Stock Exchange |
Cpn Rate Ann Amt |
LiqPref CallPrice |
Call Date Matur Date |
Moodys/S&P Dated |
Distribution Dates |
15% Tax Rate |
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Reset Rate
$57
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$1,000.00
$1,000.00
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9/30/2030
None
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Ba1
NF
4/16/2023
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03/30 & 09/30
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
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YES
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Go to Parent Company's Record (GM)
Notes: The Series C Preferred Stock will not be listed for trading on any stock exchange.
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IPO - 9/9/2020 - 500,000 Shares @ $1000/share.
Link to IPO Prospectus
Market Value $500.0 Million
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: 300 Renaissance Center, Detroit, MI 48265 |
Main Phone Number |
313-667-1500 |
Fax Number |
313-556-5108 |
Investor Relations
Randy Arickx
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313-667-1669
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Toll Free Phone Number |
Unknown |
CEO - Mary T. Barra |
CFO - Paul A. Jacobson |
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