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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: The Barracuda™ who wrote (85131)	5/4/2002 11:15:37 PM
From: goldsheet	Read Replies (1) \| Respond to of 116833

The FCX pfd B and pfd C pay dividends based on the gold price, while pfd D pays a dividend based on the silver price. In all cases, the dividend is paid in cash not bullion. FCX has outstanding 6.0 million depositary shares representing 300,000 shares of its Gold-Denominated Preferred Stock totaling $232.6 million. Each depositary share has a cumulative quarterly cash dividend equal to the value of 0.000875 ounce of gold and is mandatorily redeemable in August 2003 for the cash value of 0.1 ounce of gold. FCX has outstanding 4.3 million depositary shares representing 215,279 shares of its Gold-Denominated Preferred Stock, Series II totaling $167.4 million. Each depositary share has a cumulative quarterly cash dividend equal to the value of 0.0008125 ounce of gold and is mandatorily redeemable in February 2006 for the cash value of 0.1 ounce of gold. 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.