Protective Life 6.25% Subordinated Debentures
By: Tim McPartland,
S&P Rating BBB+
Security Ticker Symbol PL-C
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Market Traded ON NYSE
Interest Payment Paid on the 15th of February, May, August and November beginning on 08/15/2012
Quarterly Interest .391 Annual Interest 1.563
Securities may be redeemed, at the issuers option, as early as 05/15/2017 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 5/15/2042
Company Investor Relations Page for Protective Life
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.
