Teekay Offshore Partners LP 8.50% Series B Cumulative Redeemable Preferred Units

By: ,

Date Issued   4/14/2015

Shares Issued  5,000,000  Overallotment Shares  750,000

S&P Rating  NR   Moodys Rating  NR


Security Ticker Symbol   TOO-B     Temp OTC Ticker  TKOPF

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of February, May, August and November beginning on 8/15/2015

Quarterly Dividend   .531   Annual Dividend   2.125

Securities may be redeemed, at the issuers option, as early as 04/20/2020 for a redemption price of $25/share plus accrued dividends


Dividend Payment Will Likely be Qualified Distributions

Maturity Date   None
Company Investor Relations Page for Teekay Offshore

Below you can find the offering Prospectus and Final Pricing Document

NOTE Teekay Offshore issues 1099’s (not K-1’s)

Tim McPartland

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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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