MORGAN STANLEY CAP TR VI (NYSE:MSJ)

CAPS Rating: No stars

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4
Player Avatar WinyahBayInv (97.73) Submitted: 9/30/2008 6:10:54 AM : Outperform Start Price: $7.89 MSJ Score: +106.72

MSJ is a trust preferred security holding guaranteed unsecured debt in Morgan Stanley.
MSJ is rated A1 by Moodys and A- by S&P.
MSJ is selling at under 40 cents on the dollar.
Unless Morgan Stanley fails, MSJ will be redeemed by February 2046 at $25 per share.
Until the shares are redeemed, Morgan Stanley will pay an annual dividend of 6.6% of face value (That’s a 18% yield at $9 a share)
Link to IPO prospectus: http://www.sec.gov/Archives/edgar/data/895421/000090514806000548/efc6-0295_form424b2.txt

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