Teekay Offshore Partners LP 8.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
By: Tim McPartland,
Date Issued 1/14/2018
Shares Issued 4,600,000 Overallotment Shares 690,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol TOO-E Temp OTC Ticker TEOZF
Market Traded ON NYSE
Dividend Payment Paid on the 15th of February, May, August and November beginning on 5/15/2018
Quarterly Dividend .555 Annual Dividend 2.22
Securities may be redeemed, at the issuers option, as early as 02/15/2025 for a redemption price of $25/share plus accrued dividends
After 2/15/2025 distributions will be paid at a floating rate of 3 month libor plus 640.7 basis points (6.407%)
Dividend Payment Will Likely be Qualified Distributions
Maturity Date None
Company Investor Relations Page for Teekay Offshore
Click Here to find final pricing documents
NOTE Teekay Offshore issues 1099’s (not K-1’s)
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