At any time after the BONUSES units are issued, the preferred security and warrant components of each BONUSES unit may be separated by the holder and transferred separately. Thereafter, a separated preferred security and warrant may be combined to form a BONUSES unit.
The warrants may not be redeemed prior to November 4, 2007, except upon the occurrence of certain special events. If on any date on or after November 4, 2007 the closing price of our common stock exceeds 125% of the conversion price for at least 20 trading days within the immediately preceding 30 consecutive trading days and on the day on which we make such election, we may elect to redeem the warrants, in whole but not in part. In connection with an optional redemption, we will be obligated to remarket the preferred securities at a price of no less than 100% of their accreted value.
Full Prospectus PDF », Secondary Prospectus PDF », NYB Page »
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New York Community Bancorp is a bank holding company. Co. has two primary subsidiaries: New York Community Bank (Community Bank) and New York Commercial Bank (Commercial Bank). The Community Bank is a producer of multi-family loans, and it provides commercial real estate loans, acquisition, development, and construction loans, and commercial and industrial loans. Co. also originates one-to-four family loans mainly through its mortgage banking operation. The Commercial Bank provides installment loans, revolving lines of credit, and cash management services, as well as 24-hour banking online and by phone. At Dec 31 2011, Co. had total assets of $42.02 billion and deposits of $22.27 billion. Open the NYB Information Page » |
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