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 ?
The distributions on trust preferred securities will be payable on October 1, 2018 to holders of record as on September 15, 2018.
The distributions on trust preferred securities will be payable on September 4, 2018 to holders of record as of August 15, 2018.
In addition, the company has also declared a monthly distribution of USD0.139583 per security on 6.700 percent outstanding cumulative monthly income trust preferred securities issued by Popular Capital Trust I and a monthly distribution of USD0.127604 per security on 6.125 percent cumulative monthly income trust preferred securities issued by Popular Capital Trust II.
The distributions on trust preferred securities will be payable on May 1, 2018 to holders of record as of April 15, 2018.
The distributions on trust preferred securities will be payable on April 2, 2018, to holders of record as of March 15, 2018.
Global Banking News-January 5, 2018--Popular declares preferred stock dividends, distribution on trust preferred securities
Global Banking News-December 5, 2017--Popular declares dividends on preferred stock, distributions on trust preferred securities
Global Banking News-November 6, 2017--Popular declares preferred stock dividends, distributions on trust preferred securities
M2 EQUITYBITES-August 7, 2017-Popular announces preferred stock dividends and distribution on Trust Preferred Securities
Global Banking News-October 6, 2017--Popular declares preferred stock dividends, distribution on trust preferred securities
M2 EQUITYBITES-July 12, 2017-Hillman Group Capital Trust declares trust preferred securities distribution of USD0.241667 per security
The corporation also announced the monthly distributions on its outstanding Trust Preferred Securities: