CHS 6.75% Class B Reset Rate Cumulative Redeemable Preferred Stock Series 3

By: ,

Date Issued   9/8/2014

Shares Issued  19,000,000   Overallotment Shares  2,850,000

S&P Rating   NR   Moodys Rating   NR

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Security Ticker Symbol   CHSCM   OTC Temp Ticker  CSHPP

Market Traded ON   NASDAQ

Dividend Payment Paid on the last day of March, June, September and December beginning on 12/31/2014

Quarterly Dividend   .4219  Annual Dividend   1.685

Securities may be redeemed, at the issuers option, as early as 09/30/2024 for a redemption price of $25/share plus accrued dividends

Dividends will be at a fixed rate until 9/30/2024 and then switching to a floating rate of 3 month libor plus 4.155%, but not greater than a total rate of 8%

Dividend Payment Likely Will be a Qualified Distributions

Maturity Date   None

 

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Company Investor Relations Page for Cenex Harvest States Coop

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Tim McPartland
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.
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