Teekay LNG Partners LP 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Unit

By: ,

Date Issued  10/16/2017

Shares Issued   6,000,000      Overallotment Shares  900,000

S&P Rating   NR   Moodys Rating   NR


Security Ticker Symbol   TGP-B        OTC Temporary Ticker  TKYYF

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of January, April, July and October beginning on 1/15/2018

Quarterly Dividend   .531   Annual Dividend   2.125

Securities may be redeemed, at the issuers option, as early as 10/15/2027  the call price is $25 plus accrued dividends


After 10/15/2027 the coupon will float at 3 month Libor plus 6.241%

Dividend Payment will NOT be Qualified Distributions

Maturity Date   None


Company Investor Relations Page for Teekay LNG Partners

Click here for the offering Prospectus and/or Final Pricing Document

Tim McPartland

Connect with Tim McPartland

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.
Search Dividend Investor