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Dominion Resources, 2009 Series A 8.375% Enhanced Junior Subordinated Notes
Ticker Symbol: DRU* CUSIP: 25746U604 Exchange: NYSE
* NOTE: This security is no longer trading as of 10/15/2014
Security has been Called for: Wednesday, October 15, 2014
Sept. 24, 2014 -- Dominion Resources, Inc. announced today that it has issued a notice of redemption for its 2009 Series A 8.375% Enhanced Junior Subordinated Notes (DRU) (the Junior Subordinated Notes) regarding the redemption of all of the outstanding $685 million aggregate principal amount of the Junior Subordinated Notes. The redemption date of the Junior Subordinated Notes will be Oct. 15, 2014, and the redemption price of the Junior Subordinated Notes will be 100% of the principal amount, plus accrued and unpaid interest to, but not including, the redemption date of $0.17 per $25. The Paying Agent for the redemption of the Junior Subordinated Notes is Deutsche Bank Trust Company Americas, c/o DB Services Americas, Inc., 5022 Gate Parkway, Suite 200, Jacksonville, Florida 32256.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Dominion Resources Inc., 2009 Series A 8.375% Enhanced Junior Subordinated Notes, issued in $25 denominations, redeemable at the issuer's option prior to 6/15/2014 at $25 plus a make whole amount, on or after 6/15/2014 at $25 per share plus accrued and unpaid interest, and maturing 6/15/2064 which may be extended to 6/15/2079. Interest distributions of 8.375% ($2.09375) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which is the business day prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The company has the right, at any time, to defer interest payments for up to 10 consecutive years (but not beyond the maturity date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and junior subordinated obligations of the company and will rank equally with all existing and future unsecured and junior subordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (D)
IPO - 6/11/2009 - 25.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $625.0 Million
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: 120 Tredegar Street, Richmond, VA 23219 |
Main Phone Number |
804-819-2000 |
Fax Number |
804-819-2205 |
Investor Relations
Laura Kottkamp
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804-819-2254
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Toll Free Phone Number |
800-552-4034 |
CEO - Thomas F. Farrell, II |
CFO - Thomas N. Chewning |
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