Mon, Dec 29, 2014, 7:04 AM EST - U.S. Markets open in 2 hrs 26 mins


% | $
Quotes you view appear here for quick access.

The Hartford Financial Services Group, Inc. Message Board

  • gardnergreg73 gardnergreg73 Jun 23, 2009 8:10 PM Flag

    TARP Capital Purchase Program

    TARP Capital Purchase Program

    Initial Holder: United States Department of the Treasury (the “UST”).

    Qualifying Financial Institution (“QFI”)
    Redemption: Senior Preferred may not be redeemed for a period of three years from the date of this investment, except with the proceeds from a Qualified Equity Offering (as defined below) which results in aggregate gross proceeds to the QFI of not less than 25% of the issue price of the Senior Preferred. After the third anniversary of the date of this investment, the Senior Preferred may be redeemed, in whole or in part, at any time and from time to time, at the option of the QFI.
    “Qualified Equity Offering” shall mean the sale by the QFI after the date of this investment of Tier 1 qualifying perpetual preferred stock or common stock for cash. Following the redemption in whole of the Senior Preferred held by the UST, the QFI shall have the right to repurchase any other equity security of the QFI held by the UST at fair market value.

    $3.4 Billion X 25% = $850 million

42.04-0.09(-0.21%)Dec 26 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Virgin America Inc.
NASDAQFri, Dec 26, 2014 4:00 PM EST
The Manitowoc Company, Inc.
NYSEFri, Dec 26, 2014 4:06 PM EST
Portugal Telecom, SGPS S.A.
NYSEFri, Dec 26, 2014 4:02 PM EST