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Consumers Energy Co. Financing IV, 9.00% Trust Preferred Securities
Ticker Symbol: CMS-N* CUSIP: 21051E202 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/30/2006
Security has been Called for: Friday, June 30, 2006
May 19, 2006 -- The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy , has declared regular quarterly dividends on both series of the Company's preferred stock. The following dividends are payable July 1, 2006 to shareholders of record June 7, 2006: $1.04 per share on the $4.16 stock, and $1.125 per share on the $4.50 stock. A distribution of $0.5625 per security on the Company's 9 percent Trust Preferred Securities (NYSE: CMS_pn) will be made June 30, 2006 to holders of record on June 29, 2006. A call of those securities at 100 percent of the principal par amount will occur on June 30, 2006. The Company has paid to the trustee the principal and interest on related debentures to cover the distribution and the call.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Consumers Energy Company Financing IV, 9.00% Trust Preferred Securities, 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 6/30/2006 at $25 per share plus accrued and unpaid dividends, maturing 6/30/2031, distributions of 9.00% ($2.25) 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 global security 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 9.00% Subordinated Deferrable Interest Debentures due 6/30/2031 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 - 5/25/2001 - 5.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $128.0 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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