Legg Mason Global Asset Management 5.45% Junior Subordinated Debentures Due 2056
By: Tim McPartland,
Date Issued 8/4/2016
Shares Issued 20,000,000 Overallotment Shares None
S&P Rating BB+ Moodys Baa2
Advertisement.
Security Ticker Symbol LMHB OTC Temporary Ticker None Announced
Market Traded ON NYSE
Interest Payment Paid on the 15th of March, June, September and December beginning on 12/15/2016
Quarterly Interest .341 Annual Interest 1.3625
Securities may be redeemed, at the issuers option, as early as 09/15/2021 for a redemption price of $25/share plus accrued Interest
Dividend Payment Will NOT be a Qualified Distributions. Interest payments are not qualified
Maturity Date 9/15/2056
Company Investor Relations Page form Legg Mason
Advertisement.
Click here to find the offering Prospectus
Advertisement.
Related Posts:
Tim McPartland
Connect with Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
