Affiliated Managers Group 5.875% Junior Subordinated Notes due 2059
By: Tim McPartland,
Date Issued 3/21/2019
S&P Rating BBB Moodys Baa1
Shares Issued 11,200,000 Over Allotment Shares 1,680,000
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Security Ticker Symbol MGR
Market Traded ON NYSE
Interest Payment Paid on the 30th of March, June, September and December beginning on 6/30/2019
Quarterly Interest .367 Annual Interest 1.469
Securities may be redeemed, at the issuers option, as early as 03/30/2024 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 03/30/2059
Click here to find the offering Prospectus and or final pricing documents
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Tim McPartland
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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.
