DST Systems, Inc. Announces Contingent Interest Period On Series C Convertible Senior Debentures
KANSAS CITY, Mo.,
Feb. 19, 2013 /PRNewswire/ -- DST Systems, Inc. (NYSE: DST) (the "Company") announces that it will pay contingent interest for the period
February 15, 2013 to
August 14, 2013 in connection with
$91.9 million aggregate accreted principal amount of 4.125% Series C convertible senior debentures due 2023. The interest obligation arises under the governing Indenture because the average trading price of the Series C debentures for the applicable five trading-day reference period exceeded 120% of the accreted principal amount of such debentures. The amount of contingent interest equals 0.19% of the average trading price for the reference period, or
$2.71 per
$1,000 original principal amount of such debentures. The interest payment date is
August 15, 2013.
As required by the Indenture, the Company is issuing a press release for this contingent interest period, and will issue a press release on the interest payment date and in connection with each future period for which it has a contingent interest obligation. This press release does not constitute an offer to purchase or a solicitation of an offer to sell securities. The Company has described the contingent interest terms and conditions and other features of the debentures in its Annual Report on Form 10-K for the year ended December 31, 2011.
About DST Systems, Inc.
DST Systems, Inc
. provides sophisticated information processing solutions and services to support the global asset management, insurance, retirement, brokerage, and healthcare industries. In addition to technology products and services, DST also provides integrated print and electronic statement and billing solutions through DST Output. DST's world-class data centers provide technology infrastructure support for asset management, insurance and healthcare companies around the globe. Headquartered in
Kansas City, MO., DST is a publicly traded company on the New York Stock Exchange.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
