Morgan Stanley 5.85% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K
By: Tim McPartland,
Date Issued 1/24/2017
Shares Issued 40,000,000 Over Allotment 0
S&P Rating BB Moody Rating Ba3
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Security Ticker Symbol MS-K OTC Grey Market MSDDP
Market Traded ON NYSE
Dividend Payment Paid on the 15th of January, April, July and October beginning on 4/15/2017
Quarterly Dividend .366 Annual Dividend 1.463
Floating rate starting 4/15/2027 is 3 month libor plus 3.491%.
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Securities may be redeemed, at the issuers option, as early as 4/15/2027 for a redemption price of $25/share plus accrued dividends
Dividend Payment Likely Will be a Qualified Distributions
Maturity Date None
