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Alcoa Corporation | 5.375% Class B Mandatory Convertible Preferred Stock, Series 1 (AA.PRB)
Prospectus excerpt: We are offering 25,000,000 depositary shares, each of which represents a 1/10th interest in a share of our 5.375% Class B Mandatory Convertible Preferred Stock, Series 1, par value $1.00 per share (the “Mandatory Convertible Preferred Stock”). The shares of Mandatory Convertible Preferred Stock will be deposited with Computershare Trust Company, N.A., as depositary, pursuant to a deposit agreement. Holders of the depositary shares will be entitled to a proportional fractional interest in the rights and preferences of the Mandatory Convertible Preferred Stock, including conversion, dividend, liquidation and voting rights, subject to the provisions of such deposit agreement. Full Prospectus PDF », AA Page »
Series: | 1 | Alternate symbology: | AA-B, AA-PB, AAprB | Redeemable?: | Yes | Maturity Date: | 10/1/2017 | Cumulative?: | Yes | Conversion Ratio: | 2.57838 and 3.09406 | Conversion Price: | $16.16 to $19.39 | Shares Offered: | 25,000,000 | Overallotment: | 3,750,000 | Liquidation Preference: | $50 | Original Coupon: | 5.3750% | Pay Period: | Quarterly | Pay Dates: | 1-Jan, 1-Apr, 1-Jul, 1-Oct | CDx3 Compliance Rating: |
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Alcoa is a vertically integrated aluminum company. Through direct and indirect ownership, Co. has various operating locations in several countries around the world, situated primarily in Australia, Brazil, Canada, Iceland, Norway, Spain, and the U.S. Co.'s operations comprise three reportable business segments: Bauxite, Alumina, and Aluminum. The Bauxite and Alumina segments primarily consist of a series of affiliated operating entities held in Alcoa World Alumina and Chemicals, a global, unincorporated joint venture between Co. and Alumina Limited. The Aluminum segment consists of Co.'s aluminum smelting and casting along with the majority of the energy production business. Preferreds: ARNC.PR, ARNC.PRB Open the AA Information Page »
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