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UBS AŞ Message Board

  • crim_one_on_da_funk crim_one_on_da_funk Feb 26, 2013 3:23 PM Flag


    Starting a small position of the Preferred-D good risk reward

    UBS Preferred Funding Trust IV, Floating Rate Noncumulative Trust Preferred Securities, representing at corresponding amount of securities of UBS Preferred Funding Company LLC IV, guaranteed by UBS AG (NYSE: UBS) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), liquidation preference $25 per share, redeemable at the issuer's option on or after 6/15/2008 at $25 per share plus declared and unpaid dividends, with no stated maturity, and with noncumulative floating rate distributions paid monthly on the 15th day of each month to holders of record on the first day of the month in which the payment is due. The floating rate will be equal to 0.70% above the one-month LIBOR per annum and reset each month. The trust's assets consist of the Floating Rate Perpetual Subordinated Deferrable Interest Note which was purchased from the company using the funds generated from the sale of the trust preferred securities.