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Consumers Energy Co., $4.16 Series Cumul Preferred Stock
Ticker Symbol: CMS-A* CUSIP: 210518205 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/01/2013
Security has been Called for: Monday, July 1, 2013
May 29, 2013 /PRNewswire/ -- CMS Energy's utility unit, Consumers Energy, is exercising its redemption right related to all of its outstanding $4.16 Preferred Stock [CMS-PA] (the $4.16 Preferred Stock) of approximately $6.8 million aggregate par value. The redemption date will be July 1, 2013. The outstanding share count of the $4.16 Preferred Stock is currently at a level below the minimum required for listing on the New York Stock Exchange. Consumers Energy is exercising its redemption right to assist holders in avoiding issues that might otherwise arise from holding a delisted security. Upon redemption, holders of the $4.16 Preferred Stock will be entitled to receive $103.25 per share (the redemption price). Accrued dividends to the date of redemption with respect to each share of $4.16 Preferred Stock redeemed will be paid to holders of record as of June 3, 2013. The redemption price in respect of each share of $4.16 Preferred Stock will be paid in cash on July 1, 2013. Payment of the redemption price to registered holders of $4.16 Preferred Stock will be made only upon surrender of the certificates for such shares to Consumers Energy, redemption agent, Investor Services Department, One Energy Plaza, Jackson, MI 49201.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Consumers Energy Co., $4.16 Series Cumulative Preferred Stock, par value $100 per share, redeemable any time at the company's option at $103.25 per share plus accrued and unpaid dividends, with no mandatory redemption, and with distributions of $4.16 (4.16%) per annum paid quarterly on 1/1, 4/1, 7/1 & 10/1. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. Consumers Energy Co. is a subsidary of CMS Energy Corp. (NYSE: CMS).
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Go to Parent Company's Record (CMS)
IPO - 6/7/1968 -
Market Value $3.5 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: One Energy Plaza, Jackson, MI 49201 |
| Main Phone Number |
517-788-0550 |
| Fax Number |
517-788-1006 |
| Investor Relations
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517-788-2590
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Toll Free Phone Number |
Unknown |
| CEO - David W. Joos |
CFO - Thomas J. Webb |
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