BKEPP Blueknight Energy Partners L.P. Series A Preferred Units
The Preferred Units are convertible at the holders’ option into common units. Holders of the Preferred Units are entitled to quarterly distributions of $0.17875 per unit per quarter. If the Partnership fails to pay in full any distribution on the Preferred Units, the amount of such unpaid distribution will accrue and accumulate from the last day of the quarter for which such distribution is due until paid in full. The Series A Preferred Units are convertible in whole or in part into common units at the holder’s election at any time after the eleventh business day following December 31, 2011. The number of common units into which a Series A Preferred Unit is convertible will be an amount equal to (i) the sum of $6.50, divided by (ii) the Conversion Price (as defined below) (subject to customary anti-dilution adjustments). The Conversion Price is an amount equal to (a) in the event the special meeting of our unitholders (the “Special Meeting”) to consider certain proposals to, among other things, reduce the minimum quarterly distribution and incentive distribution rights occurs prior to December 31, 2011, the volume-weighted average trading price per common unit during the 20 consecutive trading days ending on the tenth trading day after the date of such Special Meeting or (b) in the event the Special Meeting does not occur prior to December 31, 2011, the volume-weighted average trading price per common unit during the 20 consecutive trading days ending on the tenth trading day after December 31, 2011; provided, that in either case the Conversion Price shall be no greater than $6.50 and no lower than $5.50 (in each case, subject to adjustment as provided in the partnership agreement). This security was issued by Blueknight Energy Partners LP, whose common stock symbol is BKEP.
$8.74 0.00 (0.00%)
As of 08/17/2022 00:00:00 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Convertible
GICS sector: Energy
Industry: Oil & Gas Midstream
Index country: USA
Country of incorporation: USA
IPO date: 03/05/2012
Outstanding shares: 35,125,202
Average volume: 8,422
Market cap: $306,818,639
Current dividend yield: 3.87% calculation
Coupon rate: 5.200%
Cumulative: No
Liquidation value: $6.50
Callable after: 09/20/2017
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: B4X1LQ0