Virginia Electric and Power to redeem $5 dividend preferreds on Oct. 20

By Tali Rackner

Norfolk, Va., Sept. 18 – Virginia Electric and Power Co. said it will redeem all of its $5 dividend preferred stock on Oct. 20, according to a press release.

Preferreds will be redeemed at $112.50 per share plus accrued dividends of $0.4110 per share to the redemption date.

The other outstanding series of preferred stock will be redeemed at their applicable redemption price, plus accrued dividends to the redemption date.

Continental Stock Transfer & Trust Co. is the paying agent.

The utility is based in Richmond, Va.

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