First Citizens BancCorp 6.5% Non Cumulative Redeemable Convertible Perpetual Preferred

By: ,

S&P Rating   NA   Moodys Rating   NA

Security Ticker Symbol   FCZA-B

Market Traded ON   NASDAQ

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Dividend Payment Paid on the 15th of March, June, September and December beginning on 03/15/2014

Quarterly Dividend   .406   Annual Dividend   1.625

Securities may be redeemed, at the issuers option, as early as 12/19/2019 for a redemption price of $25/share plus accrued dividends

Initial conversion rate will be 3.2 shares of common ($25 preferred divided by $7.82) for 6 years.

Dividend Payment Will Likely be a Qualified Distribution

Maturity Date   None

 

Company Investor Relations Page for First Citizens Banc Corp

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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