GMAC 7.375% Notes (Now Ally Financial)
By: Tim McPartland,
S&P Rating B+ Moodys Rating B1
Security Ticker Symbol GOM
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Market Traded ON NYSE
Interest Payment Paid on the 16th of March, June, September and December beginning on 3/16/2005
Quarterly Interest .461 Annual Interest 1.844
Securities may be redeemed, at the issuers option, as early as 12/16/2009 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 12/16/2044
Company Investor Relations Page for GMAC
Below you can 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.
