Xcel Energy to pay $108 million to redeem all cumulative preferreds

By Ashley Montgomery

Kansas City, Kan., Sept. 29 - Xcel Energy Inc. will redeem all of its preferred stock at a total cost of $108 million plus dividends, the company said in a news release.

The redemption will take place on Oct. 31 at the following prices:

• $103.75 per share of $3.60 series cumulative preferred stock;

• $102 per share of $4.08 series cumulative preferred stock;

• $102.50 per share of $4.10 series cumulative preferred stock;

• $103.732 per share of $4.11 series cumulative preferred stock;

• $103.75 per share of $4.16 series cumulative preferred stock; and

• $102.47 per share of $4.56 series cumulative preferred stock.

Xcel Energy is an electric and natural gas company based in Minneapolis.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.