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J.P. Morgan shareholder information
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General Information
- Investor Brochure
- Chairman Douglas
A. Warner's speech to shareholders ( 5/14/97)
- Address and telephone number
J.P. Morgan & Co. Incorporated
60 Wall Street
New York, NY 10260-0060
Main number : (212) 483-2323
Investor Relations: (212) 648-9446
- Date and location of shareholder meeting
The next shareholder meeting will be held on April 8, 1998 at
the J.P. Morgan & Co. Incorporated headquarters at 60 Wall Street,
New York. All shareholders are welcome - please bring proof of ownership.
Financial/Business Information
Common Stock Information
- Dividend History
- Ticker/Exchange
J.P. Morgan's common stock is traded on the New York Stock Exchange
under the ticker JPM.
- Transfer Agent
J.P. Morgan's transfer agent is:
First Chicago Trust Company of New York
P.O. Box 2500
Jersey City, NJ 07303-2500
1-800-519-3111
Any questions regarding dividend payments, change of address, or copies
of tax form 1099 should be forwarded to First Chicago Trust Company of
New York.
- Dividend Reinvestment and Stock Purchase Plan
The Dividend Reinvestment and Stock Purchase Plan ("DRIP")
of J.P. Morgan & Co. Incorporated ("J.P. Morgan") provides
certain holders of record of shares of J.P. Morgan common stock with a
simple and convenient method of investing cash dividends and voluntary
cash payments in additional shares of stock at market prices without paying
any brokerage commission or service charges.
Who is eligible?
All holders of record of J.P. Morgan common stock with addresses in the
U.S. or Canada on the stockholder records of First Chicago Trust Company
of New York ("First Chicago") are eligible to participate in
the plan. Registered stockholders may participate directly in the plan.
Beneficial owners whose shares are not registered in their own name (registered
in the name of a broker or bank nominee) must either have shares transferred
into their name or make arrangements with their broker or bank to participate
on their behalf.
When can an eligible stockholder join the plan?
Eligible registered stockholders can join the plan at any time by completing
the Enrollment Authorization Form accompanying the Prospectus and returning
it to First Chicago.
Beneficial owners, their brokers, or nominees must complete a Broker &
Nominee Form with instructions for First Chicago each time a dividend is
declared. For more information, please contact your broker or refer to
the "DRIP" Prospectus.
How does the plan work?
A participant in the plan may obtain additional shares of J.P. Morgan common
stock by reinvesting dividends:
- on all shares, or
- on part of the shares (while continuing to receive cash dividends on
the remaining shares), and/or
- by making voluntary cash payments of not less than $50 up to a total
of $5,000 per month (beneficial holders with shares held by broker or bank
nominee cannot participate in voluntary cash payments).
Can I purchase my initial share of stock through this plan?
In order to participate in this plan you need to own at least one share
of J.P. Morgan common stock purchased through a broker.
How can I obtain a "DRIP" Prospectus and Enrollment Form?
To receive a copy of J.P. Morgan's "DRIP" Prospectus and Enrollment
Form, or for more information contact the administrators of the plan:
First Chicago Trust Company of New York
P.O. Box 2500
Jersey City, NJ 07303-2500
1-800-519-3111
- Stock Split and Stock Dividend History
Through its predecessors, J.P. Morgan & Co. Incorporated ("J.P.
Morgan") traces its roots back to the establishment of a London merchant
banking firm in 1838. The following includes the public stock activity
beginning with the formation of Morgan Guaranty Trust Company of New York.
Morgan Guaranty Trust Company of New York
Morgan Guaranty Trust Company of New York ("Morgan Guaranty")
was formed from the merger of J.P. Morgan and Guaranty Trust Company of
New York on April 24, 1959. The merger was completed through an exchange
of one share of J.P. Morgan common stock for 4 and 2/5 shares of Morgan
Guaranty and one share of Guaranty Trust common stock for one share of
Morgan Guaranty.
10% stock dividend: record date January 23, 1963, payment date February
21, 1963
10% stock dividend: record date March 26, 1965, payment date April 15,
1965
J.P. Morgan & Co. Incorporated
J.P. Morgan, which was incorporated in Delaware on December 20, 1968,
acquired all the outstanding stock of Morgan Guaranty on April 1, 1969
through an exchange of two shares of J.P. Morgan for each share of Morgan
Guaranty.
2 for 1 stock split (from $5.00 par to $2.50 par): effective March 23,
1973
100% stock dividend: record date December 24, 1984, payment date: January
15, 1985
100% stock dividend: record date December 22, 1986, payment date January
15, 1987
Preferred Stock Information
- Adjustable Rate Cumulative Preferred Stock,
Series A
Ticker/Exchange
Preferred Stock, Series A is traded on the New York Stock Exchange
under the ticker JPM Pr A.
Pricing and General Provisions
This perpetual preferred stock was issued in February 1983 and is not
subject to a sinking fund. Series A preferred stock has been callable in
whole or part at par value of $100 plus accrued unpaid dividends since
February 1988.
The dividend is payable on a quarterly basis on March 31, June 30, September
30 and December 31. The quarterly dividend payable is the dividend rate
applied to the $100 per share par value calculated on a 90-day quarter
and 360- day year. The dividend rate is 4.875% less than the highest of
three rates:
1) the 3 month U.S. Treasury Bill
2) the 10 Year Constant Maturity (Average Yield) U.S. Treasury Note
3) the 20 Year Constant Maturity (Average Yield) U.S. Treasury Bond
The dividend rate is subject to a minimum rate of 5.00% per annum and a
maximum rate of 11.50% per annum.
Transfer Agent
The transfer agent for Preferred Stock Series A :
First Chicago Trust Company of New York
P.O. Box 2500
Jersey City, NJ 07303-2500
1-800-519-3111
Any questions regarding dividend payments, change of address, or copies
of tax form 1099 should be forwarded to First Chicago.
- Variable Cumulative Preferred Stock, Series
B-F
These series of preferred stock are not traded on an exchange.
To obtain information on these series of preferred stock , please contact
the transfer agent:
Bankers Trust Company
4 Albany Street, 7th floor
New York, NY 10006-1500
(212) 250-6850
- Cumulative Preferred Stock, Series H
Ticker/Exchange
Preferred Stock, Series H is traded on the New York Stock Exchange
under the ticker JPM Pr H.
Pricing and General Provisions
This perpetual preferred stock was issued in February 1996 and is not
subject to a sinking fund. The par amount is $50 per depositary share,
each representing a one-tenth interest in a share of preferred stock. Series
H preferred stock is non-callable for 10 years, thereafter starting on
March 31, 2006, it is callable at par with not less than thirty nor more
than sixty days notice. The dividend of 6.625% per annum is cumulative
and payable on March 31, June 30, September 30 and December 31.
Transfer Agent
The transfer agent for Preferred Stock Series H :
First Chicago Trust Company of New York
P.O. Box 2500
Jersey City, NJ 07303-2500
1-800-519-3111
Any questions regarding dividend payments, change of address, or copies
of tax form 1099 should be forwarded to First Chicago.
Home Page
© 1997 J.P.Morgan & Co. Incorporated.