DCP Midstream calls 7.875% fixed-to-floating perpetual preferred units

By Wendy Van Sickle

Columbus, Ohio, May 17 – DCP Midstream, LP called all of its outstanding 7.875% fixed-to-floating rate cumulative redeemable perpetual preferred units (Cusip: 23311P209) for redemption on June 15, according to an 8-K filing with the Securities and Exchange Commission.

The redemption price will be $25 per preferred unit. The distribution of $0.4922 per preferred unit will be paid separately on the redemption date in the customary manner.

American Stock Transfer & Trust Co., LLC is acting as the redemption agent.

Based in Denver, DCP is a midstream petroleum services provider.

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