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General Motors Corp., 1.50% Series D Convertible Senior Debentures due 6/1/2009
Ticker Symbol: GRM** CUSIP: 370442691 Exchange: NYSE
* NOTE: This security has been delisted at the request of the issuer and is no longer trading
but to our knowledge is still paying distributions to holders.
The security may start trading on the Other OTC market but to date it has not (to our knowledge).
Security's Distribution is Suspended!
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QUANTUMONLINE.COM SECURITY DESCRIPTION: General Motors Corp., 1.50% Series D Convertible Senior Debentures due 6/1/2009, liquidation preference $25 per debenture, and maturing 6/1/2009. Distributions of 1.50% ($0.375) per annum are paid semiannually on 6/1 & 12/1 to holders of record on the preceding May 15 and November 15 record date respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the 15% tax rate on dividends and is also NOT eligible for the dividend received deduction for corporate holders. The debentures are convertible prior to 3/1/2009 under special circumstances and on or after 3/1/2009 at the holder's option into 0.6837 common shares of General Motors Corp. (NYSE: GM), an initial conversion price of $36.57 per common share. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the convertible debentures and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
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Stock
Exchange |
Cpn Rate
Ann Amt |
LiqPref
CallPrice |
Call Date
Matur Date |
Moodys/S&P
Dated |
Conv Shrs
Conv Price |
Distribution Dates |
15%
Tax Rate |
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Delisted
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1.50%
$0.375
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$25.00
$25.00
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None
6/01/2009
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C
C
2/12/2009
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0.6837
$36.57
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Suspended!
6/1 & 12/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
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No
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Go to Parent Company's Record (GM)
IPO - 5/25/2007 - 52.20 Million Notes @ $25.00/note.
Link to IPO Prospectus
Previous Ticker Symbol: GMPP Changed: 5/30/2007
Market Value $1.3 Billion
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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: 300 Renaissance Center, Detroit, MI 48265 |
| Main Phone Number |
313-556-5000 |
| Fax Number |
313-556-5108 |
| Investor Relations
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313-667-1669
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Toll Free Phone Number |
Unknown |
| CEO - G. Richard Wagoner, Jr. |
CFO - Frederick A. Henderson |
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