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Comed Financing I, 8.48% TOPrS Trust Orig Preferred Securities
Ticker Symbol: CWE-T* CUSIP: 20033V209 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/20/2003
Security has been Called for: Thursday, March 20, 2003
Feb. 28, 2003 -- Commonwealth Edison Company announced today that it will redeem all of its 8.48 percent Trust Originated Preferred Securities. The redemption date for the Trust Preferred Securities will be March 20, 2003. The redemption price for the Trust Preferred Securities will be equal to 100 percent of the liquidation amount of $25 per Trust Preferred Security, plus accrued and unpaid distributions to the Redemption Date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: ComEd Financing I, 8.48% Trust Originated Preferred Securities (TOPrS), liquidation amount $25 per share, guaranteed by Commonwealth Edison Co., now a subsidiary of Exelon Corp. (NYSE: EXC), redeemable at the issuer's option on or after 9/30/2000 at $25 per share plus accrued and unpaid dividends, maturing 9/30/2035, distributions of 8.48% 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. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (see IPO prospectus for details). The trust's assets consist of the 8.48% Subordinated Deferrable Interest Notes due 9/30/2025 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 (EXC)
IPO - 9/21/1995 - 8.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $202.0 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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