NS-A Nustar Energy L.P. 8.50% Series A Fixed-to-Floating Rate Cumulative Preferred Units
Distributions on the Series A Preferred Units are cumulative from the date of original issue and will be payable quarterly in arrears on the 15th day of March, June, September and December of each year, when, as and if declared by our general partner. The initial distribution on the Series A Preferred Units offered hereby will be payable on March 15, 2017 in an amount equal to $0.6493 per Series A Preferred Unit. Distributions on the Series A Preferred Units will be payable out of amounts legally available therefor from and including the date of original issue to, but not including, December 15, 2021 at a rate equal to 8.50% per annum of the stated liquidation preference. On and after December 15, 2021, distributions on the Series A Preferred Units will accumulate at a percentage of the $25.00 liquidation preference equal to an annual floating rate of the three-month LIBOR plus a spread of 6.766%. At any time on or after December 15, 2021, we may redeem the Series A Preferred Units, in whole or in part, out of amounts legally available therefor, at a redemption price of $25.00 per Series A Preferred Unit plus an amount equal to all accumulated and unpaid distributions thereon to, but not including, the date of redemption, whether or not declared. This security was issued by NuStar Energy LP, whose common stock symbol is NS.
Be careful when analyzing this common stock as NuStar has several classes of publicly traded preferred stock and privately held preferred stock that is convertible to common stock.
$24.14 +0.12 (0.50%)
As of 03/27/2023 12:24:16 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Energy
Industry: Oil & Gas Midstream
Index country: USA
Country of incorporation: USA
IPO date: 11/18/2016
Outstanding shares: 9,060,000
Average volume: 17,435
Market cap: $216,624,600
Current dividend yield: 12.03% calculation
Initial coupon rate: 8.500%
Spread to LIBOR: 0.067660
Cumulative: Yes
Liquidation value: $25.00
Callable after: 12/15/2021
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: BYVQFR6