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Consumers Power Co. Financing I, 8.36% TOPrS Preferred Securities
Ticker Symbol: CMS-J* CUSIP: 210624201 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/25/2005
Security has been Called for: Friday, February 25, 2005
Jan. 20, 2005 -- Consumers Energy announced today the redemption of its 8.36 percent and 8.20 percent Trust Originated Preferred Securities (TOPrS). The redemption date for both is Feb. 25, 2005. The redemption price for the 8.36 percent TOPrS (CMS J) is $25 per security plus a distribution of $0.3251 per security. (CUSIP: 210519203) . The redemption price for the 8.20 percent TOPrS (CMS K) is $25 per security plus a distribution of $0.3189 per security. (CUSIP: 21051a209).
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Consumers Power Company Financing I, 8.36% Trust Preferred Securities (TOPrS), liquidation amount $25 per share, guaranteed by Consumers Energy Co., a subsidiary of CMS Energy Corp. (NYSE: CMS), redeemable at the issuer's option on or after 12/31/2000 at $25 per share plus accrued and unpaid dividends, maturing 12/31/2015, distributions of 8.36% ($2.09) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record one business day prior to the payment date while the securities remain in book-entry form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 8.36% Subordinated Deferrable Interest Notes due 12/31/2015 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (CMS)
IPO - 1/22/1996 - 4.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $99.3 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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