South Jersey Industries Inc. 5.625% Junior Subordinated Notes due 2079
By: Tim McPartland,
Date Issued 9/9/2019
Shares Issued 8,000,000 Overallotment Shares None
S&P Rating BB+ Moodys Rating NR
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Security Ticker Symbol SJIJ
Market Traded ON NYSE
Interest Payment Paid on the 16th of March, June, September and December beginning on 12/16/2019
Quarterly Interest .3516 Annual Interest 1.4063
Securities may be redeemed, at the issuers option, as early as 09/16/2024 for a redemption price of $25/share plus accrued interest
Interest Payment will NOT be a qualified distribution as it is a interest payment–not a dividend
Maturity Date 9/16/2079
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.
