Morgan Stanley 6.375% Fixed to Floating Rate Non-cumulative Preferred Stock, Series I
By: Tim McPartland,
Date Issued 9/11/2014
Shares Issued 40,000,000 Overallotment Shares 6,000,000
S&P Rating BB+ Moodys Rating Ba3
Security Ticker Symbol MS-I OTC Temp Ticker MSQVP
Market Traded ON NYSE
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Dividend Payment Paid on the 15th of January, April, July and October beginning on 1/15/2015
Quarterly Dividend .398 Annual Dividend 1.5938
Floating rate starting 10/15/2024 is 3 month libor plus 3.708%.
Securities may be redeemed, at the issuers option, as early as 10/15/2024 for a redemption price of $25/share plus accrued dividends
Dividend Payment Likely Will be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for Morgan Stanley
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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.
