Lehman Brothers Holdings Capital Trust III
LEHKQ
Other OTC- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Apr 1, 2003
- Similar Companies
- Business
- Lehman Brothers Holdings Capital Trust III (LEHKQ) operates as a Delaware statutory trust that issued preferred securities, primarily the 6.375% Preferred Securities Series K with a liquidation preference of $25 per share, redeemable on March 15, 2052. The trust's core activity centers on holding junior subordinated debentures issued by Lehman Brothers Holdings Inc., generating fixed-rate distributions at 6.375% payable quarterly in arrears; these securities trade over-the-counter and represent a residual interest in the trust's assets following Lehman's 2008 bankruptcy. It does not engage in active operations but functions solely to service these preferred securities for investors. The trust was established prior to 2008, with headquarters aligned to Lehman Brothers Holdings Inc. in New York, USA, and maintains a presence in the financial services sector focused on asset management and structured finance products. Geographically, it operates under U.S. jurisdiction with securities listed on OTC markets accessible globally. No subsidiaries or active parent relationships persist beyond the legacy Lehman structure, as operations ceased with the parent's Chapter 11 filing. Recent developments include minimal trading activity and low liquidity, with share prices near $0.0003 as of late 2023 amid ongoing Lehman liquidation distributions from related entities like Lehman Brothers Treasury Co. B.V., which completed 28 distributions on substitute notes through 2024 and plans a fourteenth in Q3 2025. In 2024-2025, affiliated Lehman trusts reported distributions 28 and 29 from LBHI based on a USD 19.6 billion intercompany claim, alongside a partial wind-down reducing claims to EUR 14.1 billion; no new issuances, partnerships, or operational expansions occurred, with liquidation projected to extend beyond 2027. Volatility persists, with 2025 price surges noted up to 233% year-over-year in some periods, reflecting residual creditor recoveries.