Legg Mason Global Asset Management 5.45% Junior Subordinated Debentures Due 2056

By: ,

Date Issued   8/4/2016

Shares Issued   20,000,000   Overallotment Shares  None

S&P Rating  BB+       Moodys  Baa2


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

Click here to find the offering Prospectus

Tim McPartland

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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.
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