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Deutsche Bank Capital Funding Trust IX, 6.625% Non-cumul Trust Preferred Sec
Ticker Symbol: DTT* CUSIP: 25153Y206 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/20/2015
Security has been Called for: Friday, February 20, 2015
20 January 2015 -- The Regular Trustees and the Property Trustee of Deutsche Bank Capital Funding Trust IX have been notified that on 20 February 2015, Deutsche Bank AG will redeem its Initial Debt Securities and Deutsche Bank Capital Funding LLC IX will redeem its Class B Preferred Securities. We therefore hereby give notice that subject to receipt of the Redemption Price in full by the Property Trustee, the 46,000,000 6.625% Noncumulative Trust Preferred Securities, issued by Deutsche Bank Capital Funding Trust IX on 20 July 2007, will be redeemed on 20 February 2015 at their liquidation preference amount of USD 25 per Trust Preferred Security – plus any accrued and unpaid Capital Payments for the current Payment Period to but excluding the redemption date. All regulatory preconditions are met. ____________ This security is possibly subject to an early call as a result of the occurrence of a Regulatory Event (see prospectus for further information) stemming from the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Deutsche Bank Capital Funding Trust IX, 6.625% Noncumulative Trust Preferred Securities, liquidation amount $25 per share, guaranteed by Deutsche Bank AG (NYSE: DB) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), and redeemable at the issuer's option on or after 8/20/2012 at $25 per share plus declared and unpaid dividends. The trust preferred securities do not have a maturity date. Noncumulative distributions of 6.625% ($1.65625) per annum are paid quarterly on 2/20, 5/20, 8/20 & 11/20 to holders of record the record date which is one business day prior to the payment date while the securities remain in book-entry form (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by these preferred shares are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders (see page S-52 of the prospectus for further information). The trust's assets consist of the 6.625% Class B Preferred Securities issued by Deutsche Bank Capital Funding Trust IX which do not have a maturity date and which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (DB)
IPO - 7/16/2007 - 40.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: DSBKP Changed: 7/31/2007
Market Value $1.1 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 |
| Foreign Address and Phone Numbers |
| Address: 60262 Frankfurt am Main Germany |
| Main Phone Number |
+49-69-910-00 |
| Fax Number |
+49-69-910-34225 |
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Inv Rel Phone Number
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+49-69-910-35395 |
| Address and Phone Numbers |
| U.S. Representative |
N.A. |
| Address: 31 West 52nd Street, 29th Floor, New York, NY 10019 |
| Main Phone Number |
212-469-7125 |
| Fax Number |
212-469-7322 |
| Investor Relations
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212-469-7125
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Toll Free Phone Number |
Unknown |
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