NatWest Group PLC | 7.25% Non-cumul Dollar Preference Shares Series H ADR (RBS.PRH)
Prospectus excerpt: Royal Bank of Scotland Group plc, Series H American Depositary Shares representing one share of the 7.25% Series H Non-Cumulative Dollar Preference Shares, liquidation preference US$25 per share, redeemable at the company's option on or after 3/31/2004 at US$25 plus declared and unpaid dividends, with no stated maturity, noncumulative annual dividend per share 7.25% (US$1.8125) paid quarterly on 3/31, 6/30, 9/30 & 12/31. Dividends paid by these preference shares are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders.
NatWest Group is engaged in the provision of a range of banking financial services to personal, business and commercial customers via its business. Co. has the following reportable segments: Retail Banking, which serves personal customers in the U.K. and includes Ulster Bank customers in Northern Ireland; Private Banking, which serves U.K. connected individuals and their business interests; and Commercial and Institutional, which includes Commercial Banking, NatWest Markets and RBS International businesses, to support Co.'s customers across the non-personal customer lifecycle, both domestically and internationally.
NatWest Group PLC | 7.25% Non-cumul Dollar Preference Shares Series H ADR (RBS.PRH) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com