NuStar Energy LP 9% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

By: ,

Date Issued   11/23/2017

Units Sold  6,000,000            Overallotment Units   900,000

S&P Rating   NR   Moodys Rating   NR


Security Ticker Symbol   NS-C        OTC Grey Market   NSSTP

Market Traded ON    NYSE

Dividend Payment Paid on the 15th of March, June, September and December beginning on 03/15/2018

Quarterly Dividend   .563   Annual Dividend   2.25

After 12/15/2022 the coupon will float at 3 month Libor plus 6.88%

Securities may be redeemed, at the issuers option, as early as 12/15/2022 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

Click here for the prospectus or final pricing document


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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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