HSBC Floating Rate Non Cumulative Preferred Stock
By: Tim McPartland,
S&P Rating BBB+ Moodys Rating Baa2
Security Ticker Symbol HUSI-F
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Market Traded ON NYSE
Dividend Payment Paid on the 1st of January, April, July and October beginning on 07/01/2005
Quarterly Dividend .219 Annual Dividend .875
Dividend will be .75% plus 3 Month Libor or a minimum of 3.5%
Securities may be redeemed, at the issuers option, as early as 04/07/2010 for a redemption price of $25/share plus accrued dividends
Dividend Payment Likely Will be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for HSBC
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Below you can find the offering Prospectus and Final Pricing Document
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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.
