Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P Dow Jones Indices > News item |
S&P U.S. Preferred Stock index to decrease outstanding Qwest size
By Wendy Van Sickle
Columbus, Ohio, Sept. 15 – S&P Dow Jones Indices will decrease the contribution to its S&P U.S. Preferred Stock index of Qwest Corp.’s 7.5% notes which trade under the ticker “CTW.”
The reduction will be 11.46 million notes, according to an announcement.
The action follows CenturyLink Inc.’s partial call of the outstanding shares of its Qwest notes.
For divisor calculation purposes, the partially called notes of CTW will be removed from the index at an adjusted price to reflect the par value of the note plus accrued interest paid through the redemption date.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.