First Bancorp | 8.35% Noncumulative Perpetual Monthly Income Preferred Stock, Series B (FBPRO)
This preferred is marked as having been called.
Prospectus excerpt: First BanCorp. is offering to the public 2,620,000 shares of its 8.35% Noncumulative Perpetual Monthly Income Preferred Stock, Series B. The Series B Preferred Stock has the following characteristics: Annual dividends of $2.0875 per share, payable monthly, if declared by the board of directors. Missed dividends never have to be paid. Redeemable at First BanCorp's option beginning on October 31, 2005. No mandatory redemption or stated maturity.
First BanCorp is a financial holding company. Co. provides a range of financial services for retail, commercial and institutional clients. Co.'s segments are: Commercial and Corporate Banking, which provides commercial loans; Mortgage Banking, which provides residential mortgage loan products; Consumer (Retail) Banking, which consists of consumer lending and deposit-taking activities; Treasury and Investments, which provides treasury and investment management; U.S. Operations, which consists of banking activities in the U.S. mainland; and Virgin Islands Operations, which consists of all banking activities in the U.S. Virgin Islands and the British Virgin Islands regions.
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