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Prudential Financial Inc., 9.00% Junior Subordinated Notes due 6/15/2068 (PHR)

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Sector:
FINANCE
Industry:
GENERAL FINANCE
SIC:
LIFE INSURANCE
751 BROAD ST NEWARK, NJ 07102

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Prudential Financial Inc., 9.00% Junior Subordinated Notes due 6/15/2068, issued in $25 denominations, redeemable at the issuer's option on or after 6/15/2013 at $25 per share plus accrued and unpaid interest, and maturing 6/15/2038 which may be extended to 6/15/2068. Interest distributions of 9.00% ($2.25) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which is 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The company has the right, at any time, to defer interest payments for up to 40 consecutive quarters without giving rise to an event of default (but not beyond the maturity date) and up to 20 consecutive quarters before the alternative payment mechani® takes effect. Distributions paid by these debt securities are interest and as such are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured, subordinated obligations of the company and will rank junior to all existing and future senior unsecured and unsubordinated indebtedness of the company.
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
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