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NS-B Nustar Energy L.P. 7.625% Series B Fixed-to-Floating Rate Cumulative Perpetual Preferred Units

Dividends are payable quarterly in arrears on the 15th day of March, June, September and December of each year. The initial distribution rate for the Series B Preferred Units from and including the date of original issue to, but not including, June 15, 2022 will be 7.625% per annum of the $25.00 liquidation preference per unit. On and after June 15, 2022, distributions on the Series B 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 5.643%. At any time on or after June 15, 2022, the issuer may redeem, in whole or in part, the Series B Preferred Units at a redemption price of $25.00 per Series B 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.  

$21.76  -0.15 (-0.69%)
As of 03/24/2023 14:11:47 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:  04/26/2017
Outstanding shares:  15,400,000
Average volume:  26,301
Market cap:   $311,234,000
Current dividend yield:  12.84%    calculation
Initial coupon rate:    7.625%
Spread to LIBOR: 0.056430
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   06/15/2022
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:      BF0XV77

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