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CHSCM CHS Inc Class B Reset Rate Cumulative Preferred Stock Series 3

Dividends will be cumulative from, and including, September 15, 2014 and, if, when and as declared by the Issuer’s Board of Directors at its election, will be payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, commencing on December 31, 2014, at the rate of 6.75% of the liquidation preference of $25.00 per share per annum (equivalent to $1.6875 per share per annum) to, but excluding, September 30, 2024, and thereafter, at an annual rate equal to three-month LIBOR, as determined for the applicable quarterly Dividend Period, plus a spread of 4.155%, or 415.5 basis points, but in no event will the sum of such annual rate and spread be greater than 8% per annum. On and after September 30, 2024, the Issuer, at its option, may redeem the Class B Series 3 Preferred Stock for cash, in whole or in part, at a per share redemption price equal to $25.00 plus all dividends accumulated and unpaid on that share to, and including, the date of redemption, payable in cash. This security was issued by an entity whose common stock is not publicly traded on a stock exchange.

$24.91  +0.08 (0.32%)
As of 03/27/2023 11:19:49 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Consumer Staples
Industry:  Consumer Packaged Goods
Index country:  USA
Country of incorporation:  USA
IPO date:  09/10/2014
Outstanding shares:  19,700,000
Average volume:  22,843
Market cap:   $478,316,000
Current dividend yield:  6.95%    calculation
Initial coupon rate:    6.750%
Spread to LIBOR: 0.041550
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   09/30/2024
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
Sedol:      BQS2V39

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