Ally Bank 2012 Annual Report Download - page 162

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160
The following table summarizes information about our Series F-2, Series A, and Series G preferred stock.
December 31, 2012 2011
Mandatorily convertible preferred stock held by U.S. Department of Treasury
Series F-2 preferred stock (a)
Carrying value ($ in millions) $ 5,685 $ 5,685
Par value (per share) 0.01 0.01
Liquidation preference (per share) 50 50
Number of shares authorized 228,750,000 228,750,000
Number of shares issued and outstanding 118,750,000 118,750,000
Dividend/coupon 9% 9%
Redemption/call feature Perpetual (b) Perpetual (b)
Preferred stock
Series A preferred stock
Carrying value ($ in millions) $ 1,021 $ 1,021
Par value (per share) 0.01 0.01
Liquidation preference (per share) 25 25
Number of shares authorized 160,870,560 160,870,560
Number of shares issued and outstanding 40,870,560 40,870,560
Dividend/coupon
Prior to May 15, 2016 8.5% 8.5%
On and after May 15, 2016 three month
LIBOR + 6.243% three month
LIBOR + 6.243%
Redemption/call feature Perpetual (c) Perpetual (c)
Series G preferred stock (d)
Carrying value ($ in millions) $ 234 $ 234
Par value (per share) 0.01 0.01
Liquidation preference (per share) 1,000 1,000
Number of shares authorized 2,576,601 2,576,601
Number of shares issued and outstanding 2,576,601 2,576,601
Dividend/coupon 7% 7%
Redemption/call feature Perpetual (e) Perpetual (e)
(a) Mandatorily convertible to common equity on December 30, 2016.
(b) Convertible prior to mandatory conversion date with consent of Treasury.
(c) Nonredeemable prior to May 15, 2016.
(d) Pursuant to a registration rights agreement, we are required to maintain an effective shelf registration statement. In the event we fail to meet this
obligation, we may be required to pay additional interest to the holders of the Series G Preferred Stock.
(e) Redeemable beginning at December 31, 2011.
Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K