Trust Preferred Security


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Trust Preferred Security

A security that has every feature of a debt security except for the fact that it is not actually debt. That is, TruPS have fixed coupons, a maturity date when the holder receives the face value, and an early redemption option. However, the holder does not lend the issuer money when he/she purchases a TruPS. Some companies favor TruPS to bonds and preferred stock because they are taxed like bonds but may be included as assets (and not liabilities) on a balance sheet.
References in periodicals archive ?
M2 EQUITYBITES-February 10, 2016-Hillman Group Capital Trust declares trust preferred security distribution of USD0.241667 per security
President and chief executive Gregory Gluchowski of the Hillman Companies Inc disclosed on Tuesday that a cash distribution of USD0.241667 per each trust preferred security (NYSE-Amex:HLM_P) has been declared by Hillman Group Capital Trust for February 2016.
The securities will be redeemed on 30 July 2012 at the redemption price of USD25.00 per trust preferred security plus accumulated and unpaid distributions to the redemption date, the company said.
President and chief executive officer Gregory Gluchowski of the Hillman Companies Inc announced on Monday that Hillman Group Capital Trust will pay a trust preferred security (NYSE-Amex:HLM_P) cash distribution of USD0.241667 per security for November 2015.
President and chief executive officer Gregory Gluchowski of the Hillman Companies Inc (NYSEMKT:HLM) reported on Monday a cash distribution of USD0.241667 for each trust preferred security (NYSE-Amex:HLM_P), declared by Hillman Group Capital Trust for October.
Waters, the chief executive officer of the Hillman Companies Inc reported on Tuesday that Hillman Group Capital Trust will pay a cash distribution of USD0.241667 per security for February, on its Trust Preferred Security (NYSE-Amex:HLM_P).
The chief executive officer James P Waters of Hillman Companies Inc (NYSEMKT:HLM), a distributor of fasteners, key duplication systems, engraved tags and related hardware items, disclosed on Tuesday a cash distribution release by its subsidiary Hillman Group Capital Trust, of USD0.241667 for each trust preferred security (NYSE-Amex:HLM_P) for January 2015.
M2 EQUITYBITES-May 13, 2014-Hillman Group Capital Trust declares distribution of USD0.241667 per each trust preferred security
James P Waters, the chief executive officer of Hillman Companies Inc, a distributor of fasteners, key duplication systems, engraved tags and related hardware, declared on Friday that a cash distribution of USD0.241667 for each Trust Preferred Security (NYSE-Amex:HLM_P), has been released by Hillman Group Capital Trust for April 2014.
This redemption is planned to occur on 15 June 2011 at an aggregate cash redemption price of USD25.18 per trust preferred security.