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AmerUs Group Co., 7.25% Series A Non-cumulative Perpetual Preferred Stock
Ticker Symbol: AMH-* CUSIP: 03072M702 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/13/2006
Security has been Called for: Wednesday, September 13, 2006
Aug. 10, 2006 -- AmerUs Group Co. today announced that it plans to redeem all of its issued and outstanding shares of Series A Non-Cumulative Perpetual Preferred Stock on September 13, 2006. Under the terms of the redemption, all six million shares will be redeemed at a price equal to the greater of (i) $25 per share or (ii) the sum of the present values of $25 per share and all undeclared dividends for the dividend periods from the redemption date to and including the dividend payment date on September 15, 2010, discounted to the redemption date on a quarterly basis (assuming a 360-day year consisting of twelve 30-day months) at the treasury rate (as calculated on September 8, 2006), plus 139.5 basis points plus all declared and unpaid dividends to the redemption date. Funding for the redemption will primarily come from the settlement of the forward purchase contracts forming a portion of the company's Income PRIDES (NYSE:AMH PrA) upon their maturity on August 16, 2006. At that time, the company will receive $143,750,000 upon maturity of the portfolio of U.S. Treasury securities pledged as collateral by holders of the Income PRIDES to secure their obligation to purchase shares of common stock of the company on August 16, 2006.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: AmerUs Group Co., 7.25% Series A Non-cumulative Perpetual Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 9/15/2010 at $25 per share plus declared and unpaid dividends, with no stated maturity, and with noncumulative distributions of 7.25% ($1.8125) per annum paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record to holders of record on the date fixed by the board, not more than 60 days or less than 10 days prior to the payment date. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (AMH)
IPO - 9/22/2005 - 6.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: AMHGP Changed: 10/03/2005
Market Value $150.0 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 |
| Address and Phone Numbers |
| Address: 699 Walnut Street, Des Moines, IA 50309 |
| Main Phone Number |
515-362-3600 |
| Fax Number |
515-557-2625 |
| Investor Relations
Marty Ketelaar
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515-362-3693
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| Toll Free Phone Number |
800-800-7032 |
| CEO - Roger K. Brooks |
CFO - Melinda S. Urion |
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