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TRUPS
(redirected from Trust preferred security)

   Also found in: Financial, Wikipedia 0.01 sec.
AcronymDefinition
TRUPSTrust Preferred Security (finance)
TRUPSCapital Trust Pass-Through Securities


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s wholly owned subsidiary, Ozark Capital Statutory Trust IV, last week issued 15,000 trust preferred securities, liquidation amount of $1,000 per trust preferred security, for a cumulative price of $15 million.
as Sponsor, The Bank of New York (as successor to The Chase Manhattan Bank), as Property Trustee, Chase Bank USA, National Association (as successor to Chase Manhattan Bank Delaware), as Delaware Trustee and the Regular Trustees named therein (or the successors thereto), the Trust Preferred Securities will be redeemed at the redemption price of $25 per Trust Preferred Security plus accrued and unpaid distributions, if any, to but excluding the date of redemption.
NASDAQ: OZRK) (the "Company"), today announced that its wholly owned subsidiary, Ozark Capital Statutory Trust V (the "Trust"), on September 29, 2006 issued 20,000 trust preferred securities, liquidation amount of $1,000 per trust preferred security, for a cumulative purchase price of $20,000,000.
 
 
 
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