Energy Transfer Partners 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Units

By: ,

Date Issued   7/16/2018

Shares Issued   16,000,000   Overallotment  2,400,000

S&P Rating   BB   Moodys Rating   BA2


Security Ticker Symbol   ETP-D   OTC Grey Market   ETPZF

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of February, May, August and November beginning on 11/15/2018

Quarterly Dividend   .477   Annual Dividend   1.906

Securities may be redeemed, at the issuers option, as early as 08/15/2023 for a redemption price of $25/share plus accrued dividends


On August 15, 2023 the coupon will float at a rate of 3 month Libor and a spread of 4.738%.

Dividend Payment will be a Non Qualified Distribution

Maturity Date   None

Click Here to find the offering Prospectus and Final Pricing Document

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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