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Ally Financial, 8.50% Fixed Rate/Floating Rate Perp Preferred Stock, Series A (ALLY+B1)

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Sector:
FINANCE
Industry:
FINANCE
SIC:
STATE COMMERCIAL BANKS
ALLY DETROIT CENTER DETROIT, MI 48226

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Ally Financial, Fixed Rate/Floating Rate Perpetual Preferred Stock, Series A, liquidation preference $25 per share, redeemable at the issuer's option on or after 5/15/2016 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Non-cumulative fixed rate distributions of 8.50% ($2.125) per annum will be paid quarterly through 5/14/2016 on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date of 2/1, 5/1, 8/1 & 11/1 respectively or on the record date fixed by the board, not more than 70 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Beginning on May 15, 2016, dividends will accrue at an amount per annum equal to Three-Month LIBOR plus 6.243%.
All 13F Filers Prior Change Hedge Funds 1 Prior Change
InvestorHistoryShares Held or Principal AmtMarket Value% of PortfolioPrevious % of PortfolioRankChange in Shares% OwnershipQtr 1st OwnedEst. Avg PriceSourceSource DateDate Reported
No data available