 |
 |
|
Ally Financial Inc | GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 (ALLY.PRA)
This preferred is marked as having been called.
Prospectus excerpt: The United States Department of the Treasury is selling the 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 of GMAC Capital Trust I. Ally Financial Inc. will not receive any proceeds from the sale of Series 2 Trust Preferred Securities by the Selling Securityholder.Some or all of the Series 2 Trust Preferred Securities may be redeemed at any time on or after February 15, 2016. In addition, the Series 2 Trust Preferred Securities may be redeemed, in whole or in part, at any time if certain changes in tax or investment company law or interpretation occur and certain other conditions are satisfied. However, Ally will not have the right prior to February 15, 2016 to cause the redemption of the Series 2 Trust Preferred Securities as a result of changes in bank regulatory law or interpretation. The Series 2 Trust Preferred Securities have been approved for listing on the New York Stock Exchange (ÙNYSEˆ) under the trading symbol ÙALLY PRAˆ, subject to notice of issuance. The Series 2 Trust Preferred Securities are expected to begin trading on the NYSE within 30 days after they are first issued. Full Prospectus PDF », Secondary Prospectus PDF », ALLY Page »
| Series: | 2 | | Alternate symbology: | ALLY-A, ALLY-PA, ALLYprA | | Redeemable?: | Yes | | Call Date: | 2/15/2016 (Now Trading Post Call Date) | | Maturity Date: | 2/15/2040 | | Cumulative?: | Yes | | Shares Offered: | 106,680,000 | | Liquidation Preference: | $25.00 | | Original Coupon: | 8.125% through call date. Three-month LIBOR plus 5.785% from call date through maturity. | | Pay Period: | Quarterly | | Pay Dates: | 15-Feb, 15-May, 15-Aug, 15-Nov | | CDx3 Compliance Rating: |
Learn ALLY.PRA's Rating
|
|
|
Ally Financial is a digital financial-services holding company. Through its subsidiaries, Co. provides a range of financial services and insurance products to automotive dealerships and consumers. Co.'s digital direct bank provides mortgage lending, point-of-sale personal lending, consumer credit cards, and a variety of deposit and other banking products, including savings, money-market, and checking accounts, certificate of deposits, and individual retirement accounts. Additionally, Co. provides securities-brokerage and investment-advisory services through Ally Invest. Co.'s corporate-finance business provides capital for equity sponsors and middle-market companies. Preferreds: ALLY.PRA, ALLY.PRB
Open the ALLY Information Page »
|
| Name: |
Ally Financial Inc |
| Website: |
www.ally.com |
| Sector: |
Credit Services & Lending |
| Number of ETFs Holding ALLY: |
76 (see which ones) |
| Total Market Value Held by ETFs: |
$1,835,463,531.54 |
| Total Market Capitalization: |
$10,930,000,000 |
| % of Market Cap. Held by ETFs: |
16.79% |
|
|
|
|
|
Free Email Alerts:
