Ally Financial 8.5% Fixed to Floating Perpetual Preferred Stock

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S&P Rating   NR   Moodys Rating   NR

Security Ticker Symbol   ALLY-B

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Market Traded ON   NYSE

Dividend Payment Paid on the 15th of February, May, August and November beginning on 5/15/2006

Quarterly Dividend   .531   Annual Dividend   2.125

Beginning 5/16/2016 dividends will be 3 month libor plus 6.243%

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Securities may be redeemed, at the issuers option, as early as 05/15/2016 for a redemption price of $25/share plus accrued dividends

Dividend Payment Will Likely be a Qualified Distributions

Maturity Date   None

 

Company Investor Relations Page for Ally Financial

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Below you can find the offering Prospectus and Final Pricing Document

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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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