Morgan Stanley Announces Redemption in Their Entirety of Outstanding Capital Securities Issued by Morgan Stanley Capital Trus...
July 19 2016 - 4:05PM
Business Wire
Morgan Stanley today announced that Morgan Stanley Capital Trust
III will redeem all of the issued and outstanding $880,000,000
aggregate liquidation amount of its 6.25% Capital Securities (the
“Capital Trust III Capital Securities”) (CUSIP 617460209; NYSE:
MWR) on August 18, 2016 pursuant to the optional redemption
provisions provided in the documents governing such Capital Trust
III Capital Securities. The redemption price will be equal to the
$25 liquidation amount per Capital Trust III Capital Security plus
$0.334201 accumulated but unpaid distributions to but excluding the
redemption date.
Morgan Stanley also today announced that Morgan Stanley Capital
Trust IV will redeem all of the issued and outstanding $620,000,000
aggregate liquidation amount of its 6.25% Capital Securities (the
“Capital Trust IV Capital Securities”) (CUSIP 617462205; NYSE: MWG)
on August 18, 2016 pursuant to the optional redemption provisions
provided in the documents governing such Capital Trust IV Capital
Securities. The redemption price will be equal to the $25
liquidation amount per Capital Trust IV Capital Security plus
$0.203993 accumulated but unpaid distributions to but excluding the
redemption date.
Morgan Stanley also today announced that Morgan Stanley Capital
Trust V will redeem all of the issued and outstanding $500,000,000
aggregate liquidation amount of its 5.75% Capital Securities (the
“Capital Trust V Capital Securities”) (CUSIP 617466206; NYSE: MWO)
on August 18, 2016 pursuant to the optional redemption provisions
provided in the documents governing such Capital Trust V Capital
Securities. The redemption price will be equal to the $25
liquidation amount per Capital Trust V Capital Security plus
$0.131771 accumulated but unpaid distributions to but excluding the
redemption date.
Morgan Stanley also today announced that Morgan Stanley Capital
Trust VIII will redeem all of the issued and outstanding
$825,000,000 aggregate liquidation amount of its 6.45% Capital
Securities (the “Capital Trust VIII Capital Securities”) (CUSIP
61753R200; NYSE: MSK) on August 3, 2016 pursuant to the optional
redemption provisions provided in the documents governing such
Capital Trust VIII Capital Securities. The redemption price will be
equal to the $25 liquidation amount per Capital Trust VIII Capital
Security plus $0.080625 accumulated but unpaid distributions to but
excluding the redemption date.
The Capital Trust III Capital Securities, the Capital Trust IV
Capital Securities, the Capital Trust V Capital Securities and the
Capital Trust VIII Capital Securities are being redeemed, along
with the common securities issued by Morgan Stanley Capital Trust
III, Morgan Stanley Capital Trust IV, Morgan Stanley Capital Trust
V and Morgan Stanley Capital Trust VIII and held by Morgan Stanley,
as a result of the concurrent redemption in their entirety of the
junior subordinated debentures that underlie the Capital Trust III
Capital Securities, the Capital Trust IV Capital Securities, the
Capital Trust V Capital Securities and the Capital Trust VIII
Capital Securities, respectively.
Beginning on the applicable redemption date, the Capital Trust
III Capital Securities, the Capital Trust IV Capital Securities,
the Capital Trust V Capital Securities and the Capital Trust VIII
Capital Securities will no longer be considered outstanding and
distributions will cease to accumulate on such securities.
The Bank of New York Mellon, 101 Barclay Street, New York, New
York 10286, is the paying agent for the Capital Trust III Capital
Securities, the Capital Trust IV Capital Securities, the Capital
Trust V Capital Securities and the Capital Trust VIII Capital
Securities.
Morgan Stanley (NYSE:MS) is a leading global financial services
firm providing a wide range of investment banking, securities,
wealth management and investment management services. With offices
in more than 43 countries, the Firm’s employees serve clients
worldwide including corporations, governments, institutions and
individuals. For further information about Morgan Stanley, please
visit www.morganstanley.com.
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