DCP Midstream LP 7.95% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
By: Tim McPartland,
Date Issued 10/2/2018
Shares Issued 4,000,000 Overallotment 600,000
S&P Rating B Moodys Rating B1
Security Ticker Symbol DCP–C OTC Grey Market DCPUU
Market Traded ON NYSE
Dividend Payment Paid on the 15th of January, April, July and October beginning on 1/15/2019
Quarterly Distribution .497 Annual Distribution 1.988
Securities may be redeemed, at the issuers option, as early as 10/15/2023 for a redemption price of $25/share plus accrued distribution
On October 15, 2023 the coupon will float at a rate of 3 month Libor and a spread of 4.882%.
Dividend Payment Will Likely be a Non Qualified Distribution
Maturity Date None
Click Here to find the offering Prospectus and Final Pricing Document
Related Posts:
Tim McPartland
Connect with Tim McPartland
