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
Tim McPartland
Connect with 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.
