HCSB Financial Corporation
This investment resulted in a loss to taxpayers. See below for details.
|$1.09M Revenue to Gov't|
|$11.7M Net Outstanding|
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On 2/29/2016, Treasury entered into an agreement with HCSB (the “Company”) pursuant to which Treasury agreed to sell its CPP preferred stock back to the Company at a discount subject to the satisfaction of the conditions specified in the agreement. The sale was completed on 4/11/2016.
Apr. 11, 2016 Partial Repayment
Nov. 15, 2010 Dividend - Cumulative
Aug. 16, 2010 Dividends payment
May 17, 2010 Dividends payment
Feb. 16, 2010 Dividends payment
Nov. 13, 2009 Dividends payment
Aug. 14, 2009 Dividends Paid in Aug. 2009
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Mar. 6, 2009 Purchase - Preferred Stock w/ Warrants
|11/15/2010||Dividend||$161,188||CPP||Dividend - Cumulative|
|08/14/2009||Dividend||$161,188||CPP||Dividends Paid in Aug. 2009|
|05/31/2009||Dividend||$123,577||CPP||Dividends Paid Through 5/31/2009|
|03/06/2009||Purchase||$12,895,000||CPP||Purchase - Preferred Stock w/ Warrants|