DCP Midstream 7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
By: Tim McPartland,
Date Issued  5/9/2018
Shares Issued   6,000,000  Overallotment  900,000
S&P Rating  B  Moodys Rating  B1
Security Ticker Symbol   DCP–B  OTC Grey Market  DCPMP
Market Traded ONÂ Â Â NYSE
Dividend Payment Paid on the 15th of March, June, September and December beginning on 9/15/2018
Quarterly Distribution  .4922  Annual Distribution  1.97
Securities may be redeemed, at the issuers option, as early as 06/15/2023 for a redemption price of $25/share plus accrued distribution
On June 15, 2023 the coupon will float at a rate of 3 month Libor and a spread of 4.919%.
Dividend Payment Will Likely be a Non Qualified Distribution
Maturity Date  None
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Company Investor Relations Page for DCP Midstream
Click Here to find the offering Prospectus and Final Pricing Document
