NuStar Logistics 7.625% Fixed to Floating Rate Subordinated Notes (NSS)
By: Tim McPartland,
S&P Rating B+
Security Ticker Symbol NSS
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Market Traded ON NYSE
Interest Payment Paid on the 1st of January, April, July and October beginning on 04/15/2013
Beginning on 4/15/2018 interest will be paid at a rate of 3 month libor plus 6.734%
Quarterly Interest .477 Annual Interest 1.906
Securities may be redeemed, at the issuers option, as early as 01/15/2018 for a redemption price of $25/share plus accrued interest
Interest Payment Will NOT be Qualified Distributions
Maturity Date 01/15/2043
Company Investor Relations Page for NuStar Logistics (a Division of NuStar Energy LP)
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Click here to find the offering Prospectus
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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.
