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Taubman Centers, 8.30% Series A Cumulative Redeemable Preferred Stock
Ticker Symbol: TCO-A* CUSIP: 876664202 Exchange: NYSE
* NOTE: This security is no longer trading as of 5/18/2006
Security has been Called for: Thursday, May 18, 2006
April 18, 2006 -- Taubman Centers, Inc. announced today a mandatory redemption of all of the remaining 8.30% Series A Cumulative Redeemable Preferred Stock (NYSE: TCOPrA). The Series A Preferred Stock will be redeemed on May 18, 2006 at a price of $25.00 per share, plus $0.2709028 in accrued and unpaid dividends for an aggregate redemption price of $25.2709028 per share. The company currently has $113 million or 4,520,000 shares of its Series A Preferred Stock outstanding. From the Redemption Date forward, the Series A Preferred Stock will be deemed no longer outstanding, dividends will cease to accrue and holders will have no rights other than the right to receive the redemption price, without interest, upon surrender of their shares. ________
June 10. 2005 -- Taubman Centers, Inc. announced today that it has called for redemption $87 million or 3,480,000 shares of its outstanding $200 million 8.30% Series A Cumulative Redeemable Preferred Shares (NYSE: TCOPrA). The Series A Preferred Shares will be redeemed on July 11, 2005 at a price of $25.00 per share, plus $0.0576389 in accrued and unpaid dividends for an aggregate redemption price of $25.0576389 per share. From the Redemption Date forward, the shares called for redemption will be deemed no longer outstanding, dividends will cease to accrue and holders will have no rights other than the right to receive the redemption price, without interest, upon surrender of their shares. Shares will be redeemed on a pro rata basis from each holder of Series A Preferred Shares.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Taubman Centers, Inc., 8.30% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 10/03/2002 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 8.30% ($2.075) per annum paid quarterly on or about 3/31, 6/30, 9/30 & 12/31 to holders of record on the 15th day of the month in which the payment is made or on the date fixed by the board of directors, not more than 30 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 (TCO*)
IPO - 10/1/1997 - 8.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $200.0 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: 200 East Long Lake Road, Suite 300, Blomfield Hills, MI 48304 |
| Main Phone Number |
248-258-6800 |
| Fax Number |
248-258-7697 |
| Investor Relations
Barbara K. Baker
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248-258-7367
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Toll Free Phone Number |
Unknown |
| CEO - Robert S. Taubman |
CFO - Lisa A. Payne |
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