Smc preferred shares 2c
San Miguel Corporation Series 2-C Pref. Philippine stock quote of (SMC2C) (San Miguel Corporation Series 2-C Pref.). Historical stock quote from PSE, Price to Earning (P/E) Ratio, Open, High, 52 Week High, 52 Week Low, Earnings Per Share, Number of Outstanding Shares, stock and data related company news from the Philippines. SMC’s board approved the redemption of 90.428 million series 2 preferred shares at P75 per share plus any unpaid dividend. “The SMC2B preferred shares, upon redemption, are not considered retired and may be reissued by the corporation,” SMC said in a disclosure. SMC listed 1.067 billion series 2 preferred shares that were recently sold to retail and institutional investors at P75 each. Bulk of the investment comprising 67.6 percent flowed to the sub-series 2A with an annual dividend rate of 7.5 percent that carries a step-up rate in five years. This was listed under the ticker “SMC2A.” San Miguel Corporation Series 2-C Pref. Information on cash or stock dividends for San Miguel Corporation Series 2-C Pref. SMC2C It says that the it is a perpetual share hence no maturity or tenor but SMC has call options/early redemption dates: Series 2A - 3rd to 5th year (7.5% gross or 6.75% net) Series 2B - 5th to 7th year (7.625% gross or 6.8625% net) Series 2C - 7th to 10th year (8.0% gross or 7.2% net) Individual investor tax rate is 10%. San Miguel Corporation and its subsidiaries ("SMC," "We," "us" or "our") respect your privacy and will keep secure and confidential all personal and sensitive information that you may provide to SMC, and/or those that SMC may collect from you ("Personal Data"). (Preliminary offer of Series "2" Preferred shares - 2A, 2B, 2C) August 10, 2012:
SMC presents capital-building plan to stockholders Thursday By: Doris C. Dumlao Philippine Daily Inquirer MANILA, Philippines San Miguel Corp. will ask stockholders on Thursday to ratify a capital-building strategy that includes a plan to offer a new series of preferred shares worth as much as P80 billion by the third quarter of this year.
What I found interesting and weird, at the same time, is the fact that SMC appears to be aggressively promoting the Preferred Shares. With the posters on Petron SMC2C | A complete SMC2C overview by MarketWatch. View the latest market news and prices, and trading information. Aside from its common shares, the company has also issued preferred shares (“ SMC2A”, “SMC2B”, and “SMC2C”). The company's series “2” preferred shares Stock analysis for San Miguel Corp (SMC:Philippines) including stock price, stock chart, company news, key statistics, fundamentals and company profile. San Miguel Pure Foods Company Inc. is the largest and most diversified Food Company in the Philippines with a vertically integrated farm-to-plate business SMC may also redeem the Series “2” Preferred Shares, in whole or in part, at any time prior to any Optional Redemption Date if an Accounting Event, Tax Event or a Special Event has occurred and is continuing, in each case at the Redemption Price. San Miguel Corporation Series 2-C Pref. Philippine stock quote of (SMC2C) (San Miguel Corporation Series 2-C Pref.). Historical stock quote from PSE, Price to Earning (P/E) Ratio, Open, High, 52 Week High, 52 Week Low, Earnings Per Share, Number of Outstanding Shares, stock and data related company news from the Philippines.
San Miguel Corporation Series 2-C Pref. Philippine stock quote of (SMC2C) (San Miguel Corporation Series 2-C Pref.). Historical stock quote from PSE, Price to Earning (P/E) Ratio, Open, High, 52 Week High, 52 Week Low, Earnings Per Share, Number of Outstanding Shares, stock and data related company news from the Philippines.
The company’s common shares (“SMC”) were listed in the PSE on November 5, 1948. Aside from its common shares, the company has also issued preferred shares (“SMC2A”, “SMC2B”, and “SMC2C”). The company’s series “2” preferred shares were listed September 28, 2012. dividends on the Series “2” Preferred Shares and the dividends on all other classes of the shares of SMC that are scheduled to be paid on or before the same date as the cash dividends on the Series “2” Preferred Shares and that have an equal right to dividends as the Series “2” Preferred Shares.
You're right, preferred shares are very similar to bonds in that investors receive a fixed and guaranteed (to a degree) periodic income, unlike common stock where dividends are uncertain. The cumulative feature means that any unpaid dividends accumulate and must first be paid by the issuer, in this case San Miguel Corporation (SMC), before it
San Miguel Corporation Series 2-C Pref. Philippine stock quote of (SMC2C) (San Miguel Corporation Series 2-C Pref.). Historical stock quote from PSE, Price to Earning (P/E) Ratio, Open, High, 52 Week High, 52 Week Low, Earnings Per Share, Number of Outstanding Shares, stock and data related company news from the Philippines. SMC’s board approved the redemption of 90.428 million series 2 preferred shares at P75 per share plus any unpaid dividend. “The SMC2B preferred shares, upon redemption, are not considered retired and may be reissued by the corporation,” SMC said in a disclosure. SMC listed 1.067 billion series 2 preferred shares that were recently sold to retail and institutional investors at P75 each. Bulk of the investment comprising 67.6 percent flowed to the sub-series 2A with an annual dividend rate of 7.5 percent that carries a step-up rate in five years. This was listed under the ticker “SMC2A.” San Miguel Corporation Series 2-C Pref. Information on cash or stock dividends for San Miguel Corporation Series 2-C Pref. SMC2C It says that the it is a perpetual share hence no maturity or tenor but SMC has call options/early redemption dates: Series 2A - 3rd to 5th year (7.5% gross or 6.75% net) Series 2B - 5th to 7th year (7.625% gross or 6.8625% net) Series 2C - 7th to 10th year (8.0% gross or 7.2% net) Individual investor tax rate is 10%.
Aside from its common shares, the company has also issued preferred shares (“ SMC2A”, “SMC2B”, and “SMC2C”). The company's series “2” preferred shares
The company’s common shares (“SMC”) were listed in the PSE on November 5, 1948. Aside from its common shares, the company has also issued preferred shares (“SMC2A”, “SMC2B”, and “SMC2C”). The company’s series “2” preferred shares were listed September 28, 2012. dividends on the Series “2” Preferred Shares and the dividends on all other classes of the shares of SMC that are scheduled to be paid on or before the same date as the cash dividends on the Series “2” Preferred Shares and that have an equal right to dividends as the Series “2” Preferred Shares. View the latest San Miguel Corp. Pfd. Series 2C (SMC2C.PH) stock price, news, historical charts, analyst ratings and financial information from WSJ. Stock analysis for San Miguel Corp (SMC:Philippines) including stock price, stock chart, company news, key statistics, fundamentals and company profile.
View the latest San Miguel Corp. Pfd. Series 2C (SMC2C.PH) stock price, news, historical charts, analyst ratings and financial information from WSJ. Stock analysis for San Miguel Corp (SMC:Philippines) including stock price, stock chart, company news, key statistics, fundamentals and company profile. San Miguel Pure Foods Company Inc. is the largest and most diversified Food Company in the Philippines with a vertically integrated farm-to-plate business model that cuts across the entire food value chain. Preferred Shares (“Preferred Shares”) Issue Size Php72.0 billion, with an Overallotment Option of up to Php8.025 Billion Offer Price P75.00 per share Dividend Rate Series 2A: 7.50% Series 2B: 7.625% Series 2C: 8.0% Use of Proceeds Refinancing of SMC’s existing P72.8 Billion Series 1 perpetual preferred shares with balance for general Conglomerate San Miguel Corp. (SMC) is set to redeem P6.78 billion worth of preferred shares issued seven years ago as part of a landmark capital market deal. The move will pare down a costly component of its capital base. This is part of the P80 billion worth of perpetual preferred shares issued in 2012, the […]