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July 25, 2019. We purchased Ladenburg bonds at $24.32 paying 6.66%.


Ladenburg Thalman Financial (LTS) is a financial company that provides financial advisory services, insurance, annuities, asset management and investment banking services including underwriting services. A fun fact: Ladenburg has been a member of the New York Stock Exchange for 136 years.

Ladenburg Thalmann Financial Services, 6.50% Senior Notes due 11/30/2027
Ticker Symbol: LTSL     CUSIP: 50575Q300     Exchange: AMEX Security Type:   Exchange-Traded Debt Security

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Ladenburg Thalmann Financial Services, Inc., 6.50% Senior Notes due 11/30/2027, issued in $25 denominations, redeemable at the issuer’s option on or after 11/30/2020 at $25 per note plus accrued and unpaid interest, and maturing 11/30/2027. Interest distributions of 6.50% per annum ($1.625 per annum or $0.40625 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date that will be 3/15, 6/15, 9/15 & 12/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.

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