NuStar Energy L.P. 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
By: Tim McPartland,
Date Issued 04/24/2017
Units Sold 14,000,000 Overallotment Units 1,400,000
S&P Rating NR Moodys Rating NR
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Security Ticker Symbol NS-B OTC Grey Market NUSRP
Market Traded ON NYSE
Dividend Payment Paid on the 15th of March, June, September and December beginning on 09/15/2017
Quarterly Dividend .477 Annual Dividend 1.906
After 6/15/2022 the coupon will float at 3 month Libor plus 5.643%
Securities may be redeemed, at the issuers option, as early as 6/15/2022 for a redemption price of $25/share plus accrued dividends
Dividend Payment will not be a Qualified Distribution
Maturity Date None
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Company Investor Relations Page for NuStar Energy
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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.
