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Lehman Brothers Holdings, 7.95% Dep Shares Non-Cumul Preferred Stock, Series J
Ticker Symbol: LEHJQ* CUSIP: 52520W317 Exchange: OTOTC
* NOTE: This security is no longer trading as of 3/06/2012
Security's Distribution is Suspended!
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Lehman Brothers Holdings Inc., 7.95% Depositary Shares each representing 1/100th of a share of the 7.95% Non-Cumulative Perpetual Preferred Stock, Series J, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 2/15/2013 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 7.95% ($1.9875) per annum are paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date which is the first day of the month in which the payment is due (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. Dividends paid by the preferred are eligible for the 15% tax rate on dividends under normal holding restrictions and are also eligible for the dividends received deduction for corporate holders (see page S-29 of the prospectus for further information). In regard to the 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 (LEHMQ)
Notes: 3/6/12 -- Plan of bankruptcy effective - all shares have been cancelled per the Other OTC on 3/6/2012. ____________ September 15, 2008 -- Lehman Brothers Holdings Inc. (LBHI) stated that it has filed a petition under Chapter 11 of the U.S. Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York. None of the broker-dealer subsidiaries or other subsidiaries of LBHI was included in the Chapter 11 filing and all of the U.S. registered broker-dealers will continue to operate.
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IPO - 2/7/2008 - 66.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: LEH-J Changed: 9/17/2008
Market Value $1.6 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: 745 Seventh Avenue, 15th Floor, New York, NY 10019 |
| Main Phone Number |
212-526-7000 |
| Fax Number |
212-526-3738 |
| Investor Relations
Shaun K. Butler
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212-526-3267
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| Toll Free Phone Number |
800-666-2388 |
| CEO - Richard S. Fuld, Jr. |
CFO - Erin M. Callan |
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