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WCC-A WESCO International, Inc. ADRs of 10.625% Series A Fixed-Rate Reset Cumulative Preferred

Cumulative dividends shall be payable quarterly in arrears on the last day of each March, June, September and December, commencing on September 30, 2020. The initial dividend rate for the Series A Preferred Stock from and including the Original Issue Date to, but excluding the First Call Date (6/22/2025) will be 10.625% per annum of the $25 liquidation preference per share. On and after 6/22/2025, the dividend rate on the Series A Preferred Stock for each Reset Period will be equal to the Five-year U.S. Treasury Rate as of the most recent Reset Dividend Determination Date plus a spread of 10.325%. On the First Call Date or any subsequent Reset Date the Corporation, at its option, upon not fewer than 30 nor more than 60 daysí written notice, may redeem the Series A Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25 per share, plus all accrued and unpaid dividends (whether or not declared) thereon up to, but excluding the date fixed for redemption, without interest.   This security was issued by Wesco International Inc, whose common stock symbol is WCC.

$26.84  0.00 (0.00%)
As of 03/24/2023 00:00:00 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Industrials
Industry:  Industrial Distribution
Index country:  USA
Country of incorporation:  USA
IPO date:  06/22/2020
Outstanding shares:  21,611,534
Average volume:  13,375
Market cap:   $598,639,492
Current dividend yield:  9.59%    calculation
Initial coupon rate:    10.625%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   06/22/2025
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:      BLFBXS3

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