Semco plans to redeem $25 million trust preferreds with equity proceeds

New York, Feb. 24 - Semco Energy, Inc. said it plans to redeem $25 million of its 10¼% trust preferred securities with proceeds from an equity offering in the second half of the year.

The trust preferreds become callable at par in April, the Port Huron, Mich., distributor of natural gas said.

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