Interstate Power & Light to redeem series D 5.1% perpetual preferreds Dec. 15

By Mary-Katherine Stinson

Lexington, Ky., Nov. 4 – Interstate Power & Light Co., a wholly owned subsidiary of Alliant Energy Corp., will redeem all outstanding 8 million shares of its 5.1% series D cumulative perpetual preferred stock on Dec. 15, according to an 8-K filing with the Securities and Exchange Commission.

The redemption price will be $25 per share plus accrued dividends to the redemption date for a total redemption price of approximately $200 million.

The price does not include the quarterly dividend which will be paid to shareholders as scheduled on Dec. 15.

Dividends and interest will not accrue after the redemption date and all rights of the shareholders shall terminate with the redemption.

Since the redemption is in full, the shares will also be delisted from trading and not listed with any other exchange.

Depository Trust Co. holds the shares in book-entry form and will redeem them according to their procedures.

EQ Shareowner Services is the redemption agent and paying agent.

Interstate Power & Light is a Cedar Rapids, Iowa-based public utility.

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