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Repsol International Capital, 7.45% Non-cumul Perp Preferred Shares
Ticker Symbol: REP-A* CUSIP: G7513K103 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/08/2011
Security has been Called for: Tuesday, February 8, 2011
Jan 4, 2011 (Reuters) - Repsol (REP.MC) said on Tuesday it would redeem 100 percent of preference shares listed by a unit on the New York Stock Exchange, cutting the Spanish oil and gas company's debt by $725 million. Repsol also said the series A shares issued by Repsol International Capital Ltd (RIC), which pay 7.45 percent annual interest, will be redeemed on Feb. 8. ____________ QuantumOnline's interpretation of the U.S. income tax laws is that this security is eligible for the 15% tax rate is based on the fact that it is a foreign security issued by a "qualified foreign corporation" that trades on an "established U.S. equities market" (such as the New York Stock Exchange). Our interpretation of the eligibility rules is that this circumstance means that the security is qualified for the 15% tax rate on dividends. Of course, we can not guarantee that interpretation and users are advised to consult the own tax advisors to confirm their own tax considerations. Other circumstances can affect also effect an investor’s eligibility such as the length of time they have held the security. Our recommended method of confirming that the security is eligible for the 15% tax rate is to contact the company's Investor Relations Dept which we consider to be the current best available source on 15% tax eligibility.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Repsol International Capital, 7.45% Noncumulative Perpetual Preferred Shares, face value $25 per share, with a perpetual term, and with the option for the issuer of early redemption from the fifth year (10/21/2002) at face value of U.S.$25 per share plus declared and unpaid dividends. Noncumulative dividends of 7.45% ($1.8625) per annum are payable quarterly on 3/31, 6/30, 9/30 & 12/31. Payment of preferred dividends is conditional upon the obtainment of consolidated income or upon the payment of dividends on common shares. If no dividend is accrued, there is no subsequent obligation to pay it.
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Go to Parent Company's Record (REPYY)
IPO - 10/30/1997 - 29.00 Million Shares @ $25.00/share.
Market Value $604.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: Méndez Álvaro, 44. 28045 Madrid, Spain |
| Main Phone Number |
+34-900 100 100 |
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Inv Rel Phone Number
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+34 917 53 94 54 |
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