Ally Financial 8.5% Fixed to Floating Perpetual Preferred Stock
By: Tim McPartland,
S&P Rating NR Moodys Rating NR
Security Ticker Symbol ALLY-B
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Market Traded ON NYSE
Dividend Payment Paid on the 15th of February, May, August and November beginning on 5/15/2006
Quarterly Dividend .531 Annual Dividend 2.125
Beginning 5/16/2016 dividends will be 3 month libor plus 6.243%
Securities may be redeemed, at the issuers option, as early as 05/15/2016 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will Likely be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for Ally Financial
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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.
