Lehman Brothers Holdings Capital Trust V
LHHMQ
Other OTC- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- Address
- United States of America
- IPO Date
- Aug 22, 2012
- Similar Companies
- Business
- Lehman Brothers Holdings Capital Trust V (LHHMQ) operates as a special purpose statutory trust that issued 6.00% fixed-to-floating rate cumulative preferred securities, Series M, with a liquidation preference of $25 per security, redeemable at the issuer's option on or after April 22, 2008, and maturing on April 22, 2053; the trust's sole assets consist of corresponding subordinated debentures issued by its parent, Lehman Brothers Holdings Inc., which serve as the exclusive source of payments on the preferred securities. The trust provides investors with exposure to these hybrid securities, which rank senior to common equity but junior to senior debt in liquidation, and were structured to qualify as Tier 1 regulatory capital for the parent prior to its bankruptcy. Headquartered in New York, New York, the trust was formed around 2003 in connection with the Series M issuance to support Lehman Brothers Holdings Inc.'s capital-raising activities in the investment banking and financial services sectors. Following Lehman Brothers Holdings Inc.'s Chapter 11 bankruptcy filing on September 15, 2008—the largest in U.S. history—the trust entered a wind-down phase as part of the broader Lehman liquidation process, with preferred securities delisted from major exchanges and transferred to OTC trading under the LHHMQ ticker; claims related to the trust's securities have been subordinated and addressed through the confirmed Chapter 11 plan, with distributions to holders treated as Class 10B interests tied to recoveries on the underlying subordinated debentures. No significant partnerships, funding rounds, acquisitions, new product launches, or operational expansions have occurred in the last 1-2 years, as the entity remains focused solely on resolving legacy obligations from the parent's estate, including minimal trading activity on OTC markets and ongoing creditor distributions without restoration of dividends. The trust conducts no active business operations, geographic expansions, or subsidiaries, serving primarily legacy holders in the U.S. and international markets exposed to the original issuance.