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PECO Energy Capital Trust II, 8.00% Monthly Income Preferred Securities
Ticker Symbol: PE-X* CUSIP: 69331A201 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/24/2003
Security has been Called for: Tuesday, June 24, 2003
May 23, 2003 -- PECO Energy Capital, L.P., a wholly owned subsidiary of PECO Energy Company, announced today the call for redemption of all outstanding Trust Receipts of PECO Energy Capital Trust II, CUSIP No. 69331A 20 1, each representing an 8% Cumulative Monthly Income Preferred Security of PECO Energy Capital, L.P. The redemption date of the Trust Receipts is June 24, 2003. The redemption price is $25 per Trust Receipt, plus accrued and unpaid distributions to the redemption date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: PECO Energy Capital Trust II, Trust Receipts each representing an 8.00% Cumulative Monthly Income Preferred Security, Series C, liquidation preference $25 per share, guaranteed by PECO Energy Co., now a subsidiary of Exelon Corp. (NYSE: EXC), redeemable at the issuer's option on or after 6/06/2002 at $25 per share plus accrued and unpaid dividends, maturing 6/06/2037, distributions of 8.00% ($2.00) per annum are paid monthly on the last day of each month to holders of record on 15th day of each month. The company has the right, at any time, to defer interest payments for up to 60 consecutive months (see prospectus for details). The trust's assets consist of the 8% Subordinated Deferrable Interest Debentures, Series C due 6/06/2037 which were purchased from the company using the funds generated from the sale of the 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 - 6/6/1997 - 2.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $52.0 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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