Enter a Ticker Symbol To Get Your Free Bull/Bear Rating & Ranking Report from "Stock Scientist" Mike Turner

Global Partners LP 9.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares

By: ,

Date Sold      7/31/2018

Shares Issued    2,400,000   Overallotment Shares   360,000

S&P Rating   NR   Moodys Rating   NR

Security Ticker Symbol     GLP      OTC Grey Market     GLPRU

Market Traded ON   NYSE

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

Quarterly Dividend   .6094   Annual Dividend  2.43

Securities may be redeemed, at the issuers option, as early as 8/15/2023 for a redemption price of $25/share plus accrued dividends.

Coupon is fixed at 9.75% until 8/14/2023 after which it floats at 6.774% plus 3 month Libor.

Dividend Payment Will NOT be a Qualified Distributions as Global Partners is a MLP

Company will issue a K-1 at tax time to holders of this security.

Maturity Date   None

 

Click Here to find the offering Prospectus and/or Final Pricing Document

FREE REPORT
X
Bryan Perry Dividend Income Expert Bryan Perry

Earn 8% on this "Government Mandated Income Opportunity"

X

Search Dividend Investor