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GMAC LLC, 7.30% PINES Public Income Notes due 3/9/2031
Ticker Symbol: GMA* CUSIP: 36186C202 Exchange: NYSE
* NOTE: This security is no longer trading as of 11/08/2013
Security has been Called for: Friday, November 8, 2013
October 18, 2013 -- The 7.30% Public Income Notes (PINES) due March 9, 2031 of GMAC LLC shall be dealt in as called issues (GMA CL). This issue will be called for redemption on November 8, 2013 at $25.00 per share plus any accrued dividends/distributions. _______________ GMAC LLC changed to GMAC Inc. on 6/29/2009 and GMAC Inc. changed to Ally Financial Inc. on 5/7/2010.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: GMAC LLC, formerly General Motors Acceptance Corp., 7.30% Public Income NotES (PINES), issued in $25 denominations, redeemable at the issuer's option on or after 3/09/2006 at $25 per share plus accrued and unpaid interest, maturing 3/09/2031, distributions are paid quarterly on 3/9, 6/9, 9/9 & 12/9 to holders of record at the close of business of the 15th day of the month preceding the payment date. Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The PINES are general unsecured, unsubordinated obligations of the Company and will rank equally with all other unsecured and unsubordinated indebtedness of the Company. The 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. See the IPO prospectus for further information on the PINES by clicking on the link provided below.
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Go to Parent Company's Record (GM)
IPO - 3/6/2001 - 22.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $552.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 200 Renaissance Center, Mail Code, 482-B07-C24, Detroit, MI 48265 |
Main Phone Number |
313-665-4327 |
Fax Number |
Not Available |
Investor Relations
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313-665-6292
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