CMP Group gets early tenders for 82.81% of four series of Central Maine Power preferreds

By Jennifer Chiou

New York, March 4 - Central Maine Power Co. announced that the owner of all of its common stock, CMP Group, Inc., obtained early tenders for 82.81% of the following preferred stock of Central Maine Power:

• 6% preferred stock with a purchase price of $100;

• 4.6% dividend series with a purchase price of $93;

• 4.75% dividend series with a purchase price of $93; and

• 5.25% dividend series with a purchase price of $93.

Specifically, CMP received tenders for 2,833 shares, or 54.69%, of the 6% preferreds; 18,136 shares, or 60.45%, of the 4.6% preferreds; 40,972 shares, or 81.94%, of the 4.75% preferreds; and all 50,000 shares of the 5.25% preferreds.

The offer ends at 5 p.m. ET on March 3. It began on Jan. 28.

In addition to the payout stated above, holders will also receive accrued dividends up to the settlement date.

The offer is conditioned upon, among other things, tenders from holders of a majority of the preferreds, exclusive of the 533 preferreds already owned by CMP Group.

Questions may be directed to BNY Mellon Shareowner Services (866 275-9502).

CMP Group is a wholly owned subsidiary of Iberdrola USA, Inc. The electric company is based in Augusta, Maine.

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