Lehman Brothers Holdings Capital Trust IV
LEHLQ
Other OTC- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- Address
- 1271 Avenue of the Americas New York NY United States of America 10020
- IPO Date
- Sep 25, 2012
- Similar Companies
- Business
- Lehman Brothers Holdings Capital Trust IV (LEHLQ) operates as a statutory trust that issues preferred securities to provide fixed dividend income to investors. The trust's core product consists of 6.375% preferred stock, Series L, with a liquidation preference of USD 25 per share, maturing on October 31, 2052, and paying quarterly dividends at a fixed rate of 6.375% annually; these securities rank senior to common equity in dividend payments and liquidation distributions, backed by junior subordinated debentures issued by Lehman Brothers Holdings Inc. The trust serves institutional and retail investors seeking hybrid capital instruments in the financial services sector, primarily within the United States market. Established prior to Lehman Brothers Holdings Inc.'s 2008 bankruptcy filing, the trust is headquartered in the United States and functions as part of the former Lehman Brothers' capital structure, with no active subsidiaries or parent relationships post-bankruptcy. Following the parent company's Chapter 11 reorganization—confirmed in December 2011 and effective March 2012—the trust's securities have traded over-the-counter with significantly impaired value and liquidity, reflecting ongoing wind-down processes. In March 2024, Lehman Brothers Holdings Inc., through its Plan Administrator, filed a quarterly financial report as of December 31, 2023, detailing balance sheets and cash flow estimates as part of continued creditor distributions under the confirmed plan; the 28th plan distribution occurred on April 4, 2024, with subsequent distributions, including the 29th on October 3, 2024, advancing the liquidation of residual assets. No new product launches, partnerships, or strategic expansions have been reported, as operations remain focused on legacy security obligations amid the parent's final wind-down phase.