GST Pfd Stock

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dan_s
Posts: 37307
Joined: Fri Apr 23, 2010 8:22 am

GST Pfd Stock

Post by dan_s »

I am still getting a lot of questions about the GST pfd stock.

> Symbol is GST.PR.A or (GST-PA on Yahoo Finance)
> Face value is $25/share. This is what the company can call it at three years from now.
> Interest rate is 8.625% (on the $25 par)
> Current price is $19.50/share, the yield is over 11%
> GST has no "Earnings and Profits" for income tax purposes therefore all dividends (for the next couple years at least) are tax free return of capital. They reduce your basis.
> Dividends are paid MONTHLY. The are paid on the last day of each month to owners of record on the 15th.

You can buy the pfd in the open market through any broker.

You can still buy the Gastar pfd stock directly from the company, so your money goes into the company. There is no minimum investment for doing this. You may save a few cents per share. Contact:

Randy Billhardt, Managing Director
McNicoll Lewis Vlak
212-542-5882
Rbillhart@mlvco.com

You can also call Gastar’s CFO:

Michael A. Gerlich
Chief Financial Officer
1331 Lamar, Suite 650
Houston, TX 77010
Office: 713-739-0455
Cell: 281-216-6616
mgerlich@gastar.com
Dan Steffens
Energy Prospectus Group
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