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Altera Infrastructure L.P., 7.25% Series A Cumulative Redeemable Preferred Units
Ticker Symbol: ALIN-A     CUSIP: Y8565J127     Exchange: NYSE
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Altera Infrastructure L.P., formerly Teekay Offshore Partners, L.P., 7.25% Series A Cumulative Redeemable Preferred Units, liquidation preference $25 per unit, redeemable at the issuer's option on or after 4/30/2018 at $25 per unit plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 7.25% per annum ($1.8125 per annum or $0.453125 per quarter) will be paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date that will be the fifth business day immediately preceding the payment date (NOTE: the ex-dividend date is at least one business day prior to the record date). Dividends paid by the preferred units are eligible for a preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under normal holding restrictions) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders (see page 84 of the prospectus for further information). This security was not rated by Moody’s or S&P at the time 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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
7.25%
$1.81
$25.00
$25.00
4/30/2018
None
NR NR
3/31/2020
2/15, 5/15, 8/15 & 11/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (TOO*)

Notes:  March 24, 2020 -- Teekay Offshore Partners L.P. (the “Partnership”) changed its name to Altera Infrastructure L.P. In addition, effective March 24, 2020, the Partnership’s Series A Preferred Units, Series B Preferred Units and Series E Preferred Units, which traded on the New York Stock Exchange (the “NYSE”) under the ticker symbols “TOO-A”, “TOO-B” and “TOO-E”, will trade on the NYSE under the new ticker symbols “ALIN-A”, “ALIN-B” and “ALIN-E”, respectively. _________________ Jan. 23, 2020 -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) announced that, effective January 22, 2020, Brookfield Business Partners L.P., together with certain of its affiliates and institutional partners (collectively, the Brookfield Consortium), has completed its acquisition by merger (the Merger) of all of the outstanding publicly held and listed common units representing limited partner interests of the Partnership (common units) held by parties other than the Brookfield Consortium (unaffiliated unitholders) pursuant to the agreement and plan of merger (the Merger Agreement) among the Partnership, Teekay Offshore GP L.L.C. (TOO GP), the general partner of the Partnership, and certain members of the Brookfield Consortium. The Partnership also announced today certain changes to the Board of Directors and that following the closing of the Merger and the completion of the Partnership’s separation from Teekay Corporation, the Partnership plans to change its name to Altera Infrastructure L.P. and to rebrand its consolidated group of companies under the new umbrella of Altera Infrastructure. Teekay Offshore’s preferred units continue to trade on the New York Stock Exchange under the symbols “TOO PR A”, “TOO PR B” and “TOO PR E”, respectively.

IPO - 4/23/2013 - 6.00 Million Units @ $25.00 /unit.    Link to IPO Prospectus
Previous Ticker Symbol: TOO-A    Changed: 3/24/2020
Previous Name: Teekay Offshore Partners    Changed: 3/24/2020
Market Value $150.0 Million

Company's Online Information Links
HOME PAGE:     https://alterainfra.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address janrune.steinsland@alterainfra.com

Foreign Address and Phone Numbers
Address:   4th floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda
Main Phone Number 441-298-2530
Fax Number 441-292-3931
Inv Rel Phone Number   Jan Rune Steinsland +47 97 05 25 33

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