Bangor Hydro-Electric Co., 7% Noncallable Cumul Preferred Stock (BANGN)
OTOTC · Preferred · CUSIP 060077401
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Security Details

Coupon Rate
7.00%
Liquidation Preference
$100.00
Call Price
—
Call / Redemption Date
—
Maturity Date
None
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
7.00
Distribution Dates
1/20, 4/20, 7/20 & 10/20
Credit Ratings
Moody's NF · S&P NF (4/20/2025)
Tax-Advantaged Dividends
Yes

Security Profile

Security Type
Traditional Preferred Stock »
CUSIP
060077401
Market Cap
Micro Cap · $2 Million
Business: Bangor Hydro-Electric Co., 7% Non-participating, Cumulative Preferred Stock, par value $100, Noncallable. Distributions are payable quarterly on 1/20, 4/20, 7/20 & 10/20. Bangor Hydro-Electric Co. was purchased by Emera Inc. (a Canadian company trading on the Toronto Stock Exchange, symbol EMA) effective 10/10/2001.
Notes: Feb. 28, 2003--Bangor Hydro-Electric Company announced today that the offering period to purchase all of the outstanding shares of its 7% preferred stock for $115 per share expired on February 27, 2003 at midnight, Eastern Standard Time. Following the expiration, the preliminary results of the shares tendered in the offering period totaled 17,634 shares (including 201 shares tendered subject to a notice of guaranteed delivery), representing approximately 70.5% of the outstanding shares of Bangor Hydro-Electric Company's 7% preferred stock immediately prior to the commencement of the offering on January 28, 2003. It is estimated that a total of 7,366 shares will remain outstanding following the expiration of the offering period. ____________ Bangor Hydro-Electric Co. was purchased by Emera Inc. (a Canadian company trading on the Toronto Stock Exchange, symbol EMA) effective 10/10/2001.

Company Contact

Headquarters
33 State Street, Bangor, ME 04401
Phone
207-945-5621 · Toll-Free 877-356-5313
Fax
207-973-2813
Investor Relations
Frederick S. Samp · 207-941-6653 · stockholder@bhe.com
General Email
publicrel@bhe.com
SEC EDGAR Filings
View filings »