Iberiabank Corporation 6.62% Fixed to Floating Non Cumulative Perpetual Preferred Stock, Series B

By: ,

CAUTION–THIS PREFERRED ISSUE PAYS DIVIDENDS JUST TWICE PER YEAR

Date Issued   7/29/2015

Shares Issued   3,000,000  Overallotment Shares  450,000

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S&P Rating   NR   Moodys Rating   NR

Security Ticker Symbol   IBKCP   OTC Temp Ticker  IBBRP

Market Traded On   NASDAQ

Dividend Payment Paid on the 1st of February and August beginning on 2/01/2016

Semi Annual Dividend   .828   Annual Dividend   1.656

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On 8/1/2025 Coupon Rate Floats.  The rate will be 3 month libor plus 4.262% Dividend payments go to quarterly payments beginning at this time and will be on 2/1, 5/1, 8/1 and 11/1.

Securities may be redeemed, at the issuers option, as early as 08/01/2025 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 Iberiabank Corporation

Below you can 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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