Protective Life 6% Subordinated Debentures due 2042
By: Tim McPartland,
S&P Rating BBB
Security Ticker Symbol PL-E
Market Traded ON NYSE
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Interest Payment Paid on the 1st of March, June, September and December beginning on 12/1/2012
Quarterly Interest .375 Annual Interest 1.50
Securities may be redeemed, at the issuers option, as early as 08/15/2017 for a redemption price of $25/share plus accrued interest
Interest Payment Will NOT be Qualified Distributions. Payments are interest (not dividends) thus they do not qualify for preferential tax rates.
Maturity Date 9/1/2042
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Company Investor Relations Page for Protective Life
Below you can find the offering Prospectus and or final pricing documents
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.
