Preferred Stock Channel
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: Learn AA.PRB's Rating
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 »
Name:  Alcoa Corporation
Website:  www.alcoa.com
Sector:  Non-Precious Metals & Non-Metallic Mining
Number of ETFs Holding AA:  53 (see which ones)
Total Market Value Held by ETFs:  $1,082,226,954.45
Total Market Capitalization:  $5,670,000,000
% of Market Cap. Held by ETFs:  19.09%

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