Ru Back Packer

Quotes delayed 20 minutes



If the video does not load after a few moments, Upgrade to the Latest Flash Player.
Free Preferred Stock Newsletter
Gain access to weekly reports with featured preferred stock screens, new preferred stock offerings, and more.

Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Sunday, January 28, 5:12 AM

Slide #344. Cliffs Natural Resources Inc. Preferred Stock Offering

Company: Cliffs Natural Resources Inc. (NYSE:CLF)
Date announced: 2/12/2013
Shares Offered: 9,000,000
Date of Pricing: 2/14/2013
Price Per Share: $29.00
Preferred Stock Offering Details: Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) (the "Company") today announced that it is offering to sell, subject to market and other conditions, 9,000,000 of its common shares, par value $0.125 per share ("Common Shares") (or up to 10,350,000 Common Shares if the underwriters of such offering exercise their option to purchase additional Common Shares) (the "Common Shares Offering"), and 20,000,000 of its depositary shares ("Depositary Shares"), each representing a 1/40th interest in a share of its new mandatory convertible preferred stock, Class A ("Mandatory Convertible Preferred Shares"), $1,000 liquidation preference per Mandatory Convertible Preferred Share (equivalent to $25 per Depositary Share) (or up to 23,000,000 Depositary Shares if the underwriters of such offering exercise their over-allotment option in full) (the "Mandatory Convertible Preferred Shares Offering") in separate registered public offerings.

Cleveland-Cliffs is a mining and natural resources company. Co. is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. Additionally, Co. operates an iron ore mining complex in Western Australia. Co.'s operations are organized according to geographic location: U.S. Iron Ore, where Co. is a producer of iron ore pellets, primarily selling production from U.S. Iron Ore to integrated steel companies in the U.S., Canada and Mexico; and Asia Pacific Iron Ore, consistinf solely of Co.'s wholly owned Koolyanobbing operation, which provides direct-shipped fines and lump ore.
Open the CLF Page at Ru Back Packer »

Name: Cleveland-Cliffs Inc (New)
Website: cliffsnaturalresources.com
Sector: Metals & Mining
Number of ETFs Holding CLF: 21 (see which ones)
Total Market Value Held by ETFs: $133,059,097
Total Market Capitalization: $2,476,000,000
% of Market Cap. Held by ETFs: 5.37%

Open the CLF Page at Ru Back Packer (in a new window) »

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference

The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500

Preferred Stock Offerings - Slide 344 of 414 | rubackpacker.com | Copyright © 2011 - 2018, All Rights Reserved