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CMS Energy Corp., 4.50% Cumul Converrtible Preferred Stock, Series B
Ticker Symbol: CMSSN* CUSIP: 125896878 Exchange: OTOTC
* NOTE: This security is no longer trading as of 10/19/2010
Security has been Called for: Tuesday, October 19, 2010
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QUANTUMONLINE.COM SECURITY DESCRIPTION: CMS Energy Corp., 4.50% Cumulative Convertible Preferred Stock, Series B, liquidation preference $50 per share, not redeemable at the issuer's option at any time, with no stated maturity, and with distributions of 4.50% ($2.25) per annum paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on 2/15, 5/15, 8/15 & 11/15 respectively. The preferred shares are convertible any time at the holder's option into cash and 5.0541 common shares of CMS Energy Corp. (NYSE: CMS), an initial conversion price of $9.893 per common share. On or after 12/05/2008, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, force the preferred shares to be converted into common shares at the then prevailing conversion price. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (CMS)
IPO - 2/3/2005 - 5.00 Million Shares @ $50.00/share.
Link to IPO Prospectus
Market Value $250.0 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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