First Trust Corporation
New Orleans,
La. |
See all recipients in
Louisiana
$18M
Disbursed
$13.6M
Returned
$1.69M
Revenue to Gov't
$2.66M
Net Outstanding
This investment resulted in a loss to taxpayers.
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 02/20/2013 | Refund | $13,612,558 | CPP |
Partial Repayment
On 2/20/2013, Treasury completed the sale of its First Trust Corporation subordinated debentures (less a placement agent fee) for net proceeds of $13,612,557.91 and its First Trust Corporation subordinated debentures received upon the exercise of warrants (less a placement agent fee) for net proceeds of $644,726.19, pursuant to a placement agency agreement executed on 12/11/2012.
|
| 02/20/2013 | Warrant | $644,726 | CPP |
Warrant Proceeds
|
| 02/12/2010 | Interest | $376,884 | CPP |
Interest Payment
|
| 11/16/2009 | Interest | $376,884 | CPP |
Interest Payment
|
| 08/17/2009 | Interest | $293,128 | CPP |
Interest Payment
|
| 06/05/2009 | Purchase | $17,969,000 | CPP |
Purchase - Subordinated Debentures w/ Exercised Warrants
|