Cenovus Energy to convert preferred shares series 1, series 2

By Taylor Fox

New York, March 18 – Cenovus Energy Inc. announced that 274,160 of its 10,435,932 cumulative redeemable first preferred shares, series 1 were tendered for conversion on a one-for-one basis into cumulative redeemable first preferred shares, series 2 and 577,882 of its 1,564,068 series 2 shares have been tendered for conversion on a one-for-one basis into series 1 shares.

The shares will be converted on March 31, and Cenovus will then have 10,739,654 series 1 shares and 1,260,346 series 2 shares issued and outstanding, according to a news release.

Cenovus is an integrated oil and natural gas company based in Calgary, Alta.

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