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AmerUs Group Co., 6.25% Income PRIDES due 8/16/2006
Ticker Symbol: AMH-A** CUSIP: 03072M405 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/16/2006
QUANTUMONLINE.COM SECURITY DESCRIPTION: AmerUs Group Co., 6.25% PRIDES, stated amount $25 per unit, initially consisting of Income PRIDES which include a stock purchase contract and a 5.50% senior note with a principal amount of $25. The stock purchase contract requires the holder to purchase for $25 a variable number of shares of AmerUs Group Co. (NYSE: AMH) common stock no later than 8/16/2006 and pays a contract adjustment rate of 0.75% per annum. The stock purchase settlement rate will be a variable number of shares per unit (see prospectus for calculation) if the then current market price is equal to or greater than $33.80 and 0.9615 shares per unit if the market price is equal to or less than $26.00. For market prices between those values the settlement rate will be $25 divided by the market value. Prior to the IPO of this security, the last reported sale price of the common stock on 5/21/2003 was $26.00. The senior note is due 5/16/2008 and is subject to reset and remarketing on the third business day prior to 2/16/2006. The Income PRIDES pay quarterly distributions of 6.25% ($1.5625) per annum on 2/16, 5/16, 8/16 & 11/16 to holders of record on the 15th business day prior to the payment date while the securities remain in book-entry form. The senior notes 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 Income PRIDES to Growth PRIDES by the substitution of a specified zero-coupon U.S. Treasury security for the senior notes and to later recreate Income PRIDES. The notes are unsecured obligations of the company and will rank equally with all existing and future unsecured and unsubordinated debt of the company. See the IPO prospectus for extensive additional information on the PRIDES and their mandatory 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 |
Conversion Shares@Price |
Distribution Dates |
15% Tax Rate |
NYSE
Chart
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6.25%
$1.5625
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$25.00
n.a.
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8/16/2006
8/16/2008
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Baa3
BBB+
1/15/2006
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Variable
.09615@$26.00-
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2/16, 5/16, 8/16 & 11/16
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 (AMH)
IPO - 5/23/2003 - 5.00 Million Units @ $25.00/unit.
Link to IPO Prospectus
Market Value $125.0 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: 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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