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Preferred Stock Calendar
On The Horizon
MB FINANCIAL, INC.:
Series C non-cumulative perpetual preferreds
Redeemable beginning in 2022 at $1,000 per preferred, plus any unpaid dividends
Fixed rate until 2022, then converts to floating rate
BofA Merrill Lynch and UBS Securities LLC are the lead bookrunners, and J.P. Morgan Securities LLC and Sandler O'Neill + Partners, LP are the bookrunners
Proceeds to redeem some or all of the companys 4 million series A preferreds and for general corporate purposes, which may include debt repayment
Chicago-based financial holding company and the parent company of MB Financial Bank, NA
NUSTAR ENERGY LP:
Series C fixed-to-floating rate cumulative redeemable perpetual preferred units
Redeemable after Dec. 15, 2022
Fixed rate until Dec. 15, 2022, after which a floating coupon
Wells Fargo Securities LLC, BofA Merrill Lynch, J.P. Morgan Securities LLC and RBC Capital Markets Corp. are the bookrunners
Proceeds for general partnership purposes, including capital expenditures and repaying debt under NuStars revolving credit agreement
San Antonio-based limited partnership engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products
PRIORITY INCOME FUND, INC.:
$25-par non-callable term preferred stock
Dividends are payable quarterly
Proceeds for investments and general working capital purposes
New York-based registered closed-end fund that is designed to provide investors with current income and portfolio diversification
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