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Constellation Energy Group Inc., 8.625% Series A Junior Subordinated Debentures
Ticker Symbol: CEG-A* CUSIP: 210387205 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/15/2013
Security has been Called for: Saturday, June 15, 2013
May 13, 2013 -- Exelon Corporation (Exelon) announced that it will redeem, on June 15, 2013, all of its outstanding Series A Junior Subordinated Debentures (NYSE:CEGPRA)(CUSIP No: 210387205) at a redemption price equal to 100 percent of the principal amount thereof plus accrued and unpaid interest to, but excluding, the redemption date. The aggregate outstanding principal amount of the Debentures is $450 million. Interest on the Debentures will cease to accrue on the Redemption Date. ____________ March 12, 2012 -- Exelon Corporation (NYSE:EXC) and Constellation Energy (NYSE:CEG) today announced that they have completed their merger, effective today. The merger creates the leading U.S. competitive energy provider with one of the industry’s cleanest and lowest-cost power generation fleets, and one of the largest retail customer bases in the nation. Upon the closing of the merger, Christopher M. Crane became president and CEO of the combined company, and Mayo A. Shattuck III became executive chairman. The new company retains the Exelon name and remains headquartered in Chicago, with significant operations in Maryland, Illinois and Pennsylvania. It will trade on the New York Stock Exchange under the symbol EXC.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Constellation Energy Group Inc., 8.625% Series A Junior Subordinated Debentures, issued in $25 denominations, redeemable at the issuer's option on or after 6/15/2013 at $25 per share plus accrued and unpaid interest, and maturing 6/15/2063 which may be extended to 6/15/2068. Interest distributions of 8.625% ($2.15625) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which is the close of the business day immediately preceding the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The company has the right, at any time, to defer dividend payments for up to 10 consecutive years (but not beyond the maturity date). Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured, subordinated obligations of the company and will rank junior and be subordinated to all existing and future senior unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (EXC)
IPO - 6/23/2008 - 18.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Previous Ticker Symbol: CSLEP Changed: 7/10/2008
Market Value $450.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Address and Phone Numbers |
| Address: 10 South Dearborn Street, 48th Floor, Chicago, IL 60690 |
| Main Phone Number |
312-394-7398 |
| Fax Number |
312-394-7251 |
| Investor Relations
Daniel Eggers
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312-394-2345
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| Toll Free Phone Number |
800-483-3220 |
| CEO - Christopher M. Crane |
CFO - Jonathan W. Thayer |
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