Summary Description of Bethlehem's Publicly Traded
Cumulative Convertible Preferred Stocks
| |
$5.00 Preferred
|
$2.50 Preferred
|
|
Issue Date
|
3/11/83 |
9/23/84 |
|
Conversion Ratio
|
1.77 shares of common
|
.84 shares of common
|
|
Call Price
|
$50/share
|
$25/share
|
|
Shares Outstanding
|
2,500,000
|
4,000,000
|
|
Annual Dividend
|
$5.00/share
|
$2.50/share
|
See the Articles of Incorporation for a more detailed description of these securities. Go to page 11 for details on the $5.00 Preferred, and page 24 for the $2.50 Preferred.
|
