Quarterly Income Preferred Securities

Quarterly Income Preferred Securities

Preferred stock representing a portion of ownership in a limited partnership. The limited partnership is a subsidiary of another company and exists only for the purpose of issuing the QUIPS. The proceeds from QUIPS are lent to the partnership's parent company. These securities thus combine aspects of stocks and bonds; they mature on a quarterly basis and usually have a par value of $25. Returns on MIPS come out of the partnership's pretax earnings, and, therefore, can result in tax advantages.

Quarterly Income Preferred Securities (QUIPS)

Preferred stock that represents interest in a limited partnership formed for the sole purpose of lending proceeds of the equity issue to the parent company. Dividends to holders of QUIPS are paid from tax-deductible interest paid by the parent corporation.
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10 percent Cumulative Quarterly Income Preferred Securities (NYSE: FPCPRA), with a face value of $300 million.
5 percent Cumulative Quarterly Income Preferred Securities (QUIPS) at a price equal to $25 per QUIPS plus accumulated and unpaid distributions to the redemption date of Nov.
NYSE: URI) today announced that its subsidiary (the "Trust") has given notice of its intention to redeem up to $9,000,000 aggregate liquidation preference of its outstanding 6 u% Convertible Quarterly Income Preferred Securities due August 1, 2028 (CUSIP Nos.
96875 per security on CMS Energy's Quarterly Income Preferred Securities (NYSE: CMS_pz) is payable Jan.
The company will use the net proceeds to redeem all its outstanding 5i% Convertible Quarterly Income Preferred Securities, having an aggregate liquidation preference of $421.
The company plans to use the net proceeds to redeem all its outstanding 5i% Convertible Quarterly Income Preferred Securities, having an aggregate liquidation preference of $421.
NYSE: URI) announced today required adjustments of the conversion price of its 6-1/2% Convertible Subordinated Debentures due August 1, 2028 (the "Debentures") underlying the related 6-1/2% Convertible Quarterly Income Preferred Securities ("QUIPs") issued by a subsidiary trust, and of the conversion rate of the 1-7/8% Convertible Senior Subordinated Notes Due October 15, 2023, issued by the company's subsidiary, United Rentals (North America), Inc.
In addition to the $400 million prepayment of our term debt announced today, the company bought out $44 million of equipment under operating leases in the second quarter and announced the redemption of $63 million of the 6'% Convertible Quarterly Income Preferred Securities.
NYSE:CMI) announced today that it will redeem $300 million worth of 7 percent convertible cumulative quarterly income preferred securities (also known as QUIPS) on June 15, 2006, the first call date.
In an announcement prior to its annual shareholders meeting today, Cummins said it will redeem $300 million worth of convertible cumulative quarterly income preferred securities (also known as QUIPS) on June 15, 2006 - the first call date.
LONDON -- MEPC Limited (The "Company") (NYSE: MUK A) announced today that its Board of Directors has approved the renewal of its repurchase programme of up to $40 million or approximately 19%, of the Company's outstanding 9 1/8% Cumulative Guaranteed Quarterly Income Preferred Securities (QUIPS), (Series A).
875% Cumulative Quarterly Income Preferred Securities, Series A (the "QUIPS") (NYSE:EIXPrA)(CUSIP:268540200), for a redemption price of 100% of the principal amount, plus accrued interest to the redemption date.

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