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Archer Daniels Midland Co., 6.25% Equity Units due 6/1/2011
Ticker Symbol: ADM-A*     CUSIP: 039483201     Exchange: NYSE
Security Type:   Mandatory Convertible Security
* NOTE: This security is no longer trading as of 6/01/2011

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Archer Daniels Midland Co., 6.25% Equity Units, stated amount $50 per unit, initially consisting of Corporate Units which include a stock purchase contract and a 1/20th interest in a 4.70% debenture due 2041 with a principal amount of $1000. The stock purchase contract requires the holder to purchase for $50 a variable number of shares of Archer Daniels Midland Co. (NYSE: ADM) common stock no later than 6/1/2011 and pays a contract adjustment rate of 1.55% per annum. The stock purchase settlement rate will be 1.0453 shares per unit if the then current market price is equal to or greater than $47.83 and 1.2544 shares per unit if the market price is equal to or less than $39.86. For market prices between those values the settlement rate will be $50 divided by the market value. Prior to the IPO of this security, the last reported sale price of the common stock on 5/28/2008 was $39.86 per share. The debenture is due 6/1/2041 and is subject to reset and remarketing during the two week period ending 2/24/2011 with a second optional two week period ending 4/12/2011. The Corporate Units pay quarterly distributions of 6.25% ($3.125) per annum on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date which is the 15th day of the month prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Distributions paid by these securities are derived from interest paid on the underlying debt securities and therefore are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The debentures are pledged as collateral to secure the holder's obligations under the stock purchase contract. The holder has the right at any time to convert the Corporate Units to Treasury Units by the substitution of a specified zero-coupon U.S. Treasury security for the debentures and to later recreate Corporate Units. The debentures are unsecured and rank equally with the company's other unsecured senior indebtedness. See the IPO prospectus for extensive additional information on the equity units and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Conversion
Shares@Price
Distribution Dates 15%
Tax Rate
NYSE
Chart
6.25%
$3.125
$50.00
n.a.
6/01/2011
6/01/2041
A2 A
4/07/2011
1.0453@$47.83+
1.2544@$39.86-
3/1, 6/1, 9/1 & 12/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (ADM)

IPO - 5/30/2008 - 35.00 Million Units @ $50.00/unit.    Link to IPO Prospectus
Previous Ticker Symbol: ACHDU    Changed: 6/02/2008
Market Value $1.8 Billion

Company's Online Information Links
HOME PAGE:     http://www.admworld.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address info@admworld.com
Email Request Form on Website Go to Email Form

Address and Phone Numbers
Address:   4666 Faries Parkway, Decatur, IL 62525
Main Phone Number 217-424-5200
Fax Number 217-424-5200
Investor Relations 217-424-4647
Toll Free Phone Number 800-637-5843
CEO - P. A. Woertz CFO - S. R. Mills

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