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Kinder Morgan Inc. | 9.75% Series A Mandatory Convertible Preferred Stock (KMI.PRA)

Prospectus excerpt:  32,000,000 Depositary Shares, each of which represents a 1/20th interest in a share of the Issuer’s 9.75% Series A Mandatory Convertible Preferred Stock (the “Mandatory Convertible Preferred Stock”). At settlement of the Offering, the Issuer will issue 1,600,000 shares of Mandatory Convertible Preferred Stock, subject to the underwriters’ option to purchase additional Depositary Shares, solely to cover over-allotments.

Full Prospectus PDF », KMI Page »

Series:A
Alternate symbology:KMI-A, KMI-PA, KMIprA
Redeemable?:Yes
Perpetual?:Yes
Cumulative?:Yes
Conversion Price:36.2840 and 30.8800
Shares Offered:32,000,000
Overallotment:1,600,000
Liquidation Preference:$50
Recent Market Price:$32.07
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-17.93 (-35.86%)
Annualized Dividend:4.8752
Recent Ex-Date:4/10/2018
Current Yield:15.20%
Original Coupon:9.75%
Pay Period:Quarterly
Pay Dates:11-Jan, 11-Apr, 11-Jul, 11-Oct
Kinder Morgan is an energy infrastructure company in North America. Co.'s segments are: Natural Gas Pipelines, which include natural gas sales, transportation, storage, gathering, processing and treating, and the terminaling of liquified natural gas; carbon dioxide (CO2), which produces, transports, and markets CO2 to oil fields; Terminals, which includes the ownership and/or operation of liquids and bulk terminal facilities and Jones Act tankers; Products Pipelines, which includes the operation of refined petroleum products, natural gas liquids and crude oil and condensate pipelines; and Kinder Morgan Canada, which includes the ownership and operation of the Trans Mountain pipeline system.

Preferreds: EP.PRC, KMI.PRA


Open the KMI Information Page »
Name:  Kinder Morgan Inc.
Website:  www.kindermorgan.com
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding KMI:  82 (see which ones)
Total Market Value Held by ETFs:  $1,493,190,831
Total Market Capitalization:  $36,488,000,000
% of Market Cap. Held by ETFs:  4.09%

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