ROLLP RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred

The mandatory convertible preferred stock will accumulate cumulative dividends at a rate per annum equal to 5.00% on the liquidation preference thereof, which is $100 per share of mandatory convertible preferred stock. Dividends on the mandatory convertible preferred stock will be payable when, as and if declared by our board of directors, out of funds legally available for their payment to the extent paid in cash, quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, beginning on January 15, 2022 and ending on, and including, October 15, 2024. Unless previously converted or redeemed, each share of mandatory convertible preferred stock will automatically convert for settlement on or about October 15, 2024, into between 0.4413 and 0.5405 shares of our common stock (the “minimum conversion rate” and the “maximum conversion rate,” respectively). Each of the minimum conversion rate and the maximum conversion rate is subject to adjustment.  This security was issued by RBC Bearings Inc, whose common stock symbol is ROLL.

$94.75
As of 07/01/2022     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Convertible
GICS sector:  Industrials
Industry:  Tools & Accessories
Index country:  USA
Country of incorporation:  USA
IPO date:  09/22/2021
Outstanding shares:  4,000,000
Average volume:  15,292
Market cap:   $379,000,000
Current dividend yield:  5.28%    calculation
Coupon rate:    5.000%
Cumulative:    No
Liquidation value:   $100.00
Callable after:   01/01/1900
Maturity date:    10/15/2024
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      

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