NuStar Energy L.P. 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
By: Tim McPartland,
Date Issued 11/18/2016
Units Sold 8,000,000 Overallotment Units 1,200,000
S&P Rating NR Moodys Rating NR
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Security Ticker Symbol NS-A OTC Grey Market NTSRF
Market Traded ON NYSE
Dividend Payment Paid on the 15th of March, June, September and December beginning on 03/15/2017
Quarterly Dividend .531 Annual Dividend 2.125
After 12/15/2021 the coupon will float at 3 month Libor plus 6.766%
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Securities may be redeemed, at the issuers option, as early as 12/15/2021 for a redemption price of $25/share plus accrued dividends
Dividend Payment will not be a Qualified Distribution
Maturity Date None
Company Investor Relations Page for NuStar Energy
Tim McPartland
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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.
