NiSource to redeem 5.65% series A perpetual preferreds on June 15

By Mary-Katherine Stinson

Lexington, Ky., May 8 – NiSource Inc. will fully redeem all 400,000 outstanding shares of its 5.65% series A fixed-rate reset cumulative redeemable perpetual preferred stock, according to an 8-K filed with the Securities and Exchange Commission.

The shares of series A preferreds will be redeemed at par of $1,000 per share on June 15.

Following the redemption, dividends will cease to accrue, and no shares will remain outstanding.

NiSource is a Merrillville, Ind.-based company with businesses in natural gas transmission, storage and distribution, and electricity generation, transmission and distribution.

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