Teekay LNG Partners LP 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Unit
By: Tim McPartland,
Date Issued 10/16/2017
Shares Issued 6,000,000 Overallotment Shares 900,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol TGP-B OTC Temporary Ticker TKYYF
Market Traded ON NYSE
Dividend Payment Paid on the 15th of January, April, July and October beginning on 1/15/2018
Quarterly Dividend .531 Annual Dividend 2.125
Securities may be redeemed, at the issuers option, as early as 10/15/2027 the call price is $25 plus accrued dividends
After 10/15/2027 the coupon will float at 3 month Libor plus 6.241%
Dividend Payment will NOT be Qualified Distributions
Maturity Date None
Company Investor Relations Page for Teekay LNG Partners
Click here for the offering Prospectus and/or Final Pricing Document
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