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Dayton Power & Light to redeem three series of preferreds on Oct. 13
By Marisa Wong
Morgantown, W.Va., Sept. 13 – Dayton Power and Light Co. plans to redeem three series of its outstanding preferred stock in full on Oct. 13, according to an 8-K filing with the Securities and Exchange Commission.
The company will redeem all of its issued and outstanding 3.75% series A cumulative preferred stock, 3.75% series B cumulative preferred stock and 3.9% series C cumulative preferred stock.
The redemption price is $102.50 per share for the series A preferreds, $103.00 per share for the series B preferreds and $101.00 per share for the series C stock, plus accrued dividends to the redemption date.
Dayton Power is a Dayton, Ohio-based power company and a wholly owned subsidiary of DPL Inc.
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