Protective Life 8% Senior Notes ($20 issue)
By: Tim McPartland,
S&P Rating BBB+
Security Ticker Symbol PLP
Advertisement.
Market Traded ON NYSE
Interest Payment Paid on the 15th of January, April, July and October beginning on 01/15/2010
Quarterly Interest .40 Annual Interest 1.60
Securities may be redeemed, at the issuers option, as early as 10/15/2014 for a redemption price of $20/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 10/15/2024
Company Investor Relations Page for Protective Life
Below you can find the offering Prospectus and or final pricing documents
Advertisement.
Advertisement.
Related Posts:
Tim McPartland
Connect with 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.
