Silver prices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Silver prices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: re3 who wrote (5306)	6/4/2002 3:14:10 PM
From: goldsheet	of 8010

> does any one know how freeport mac preferred D series works ? Yes. The shares currently convert to 2.5 ounces of silver. You will get paid the cash value of 0.5 ounces of silver every August in addition to the quarterly dividend. You may wish to check the "FCX Declares Quarterly Cash Dividends on Preferred Stocks" news releases on the website: fcx.com "FCX has outstanding 4.8 million depositary shares representing 74,375 shares of its Silver-Denominated Preferred Stock totaling $62.5 million at December 31, 2001, and 89,250 shares totaling $75.0 million at December 31, 2000. As of December 31, 2001, each depositary share has a cumulative quarterly cash dividend equal to the value of 0.0257813 ounce of silver, which declines after each redemption payment. FCX made annual mandatory partial redemption payments on the underlying Silver-Denominated Preferred Stock in August of 2001, 2000 and 1999 Five annual redemption payments remain and will vary with the price of silver."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next