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Security Details
- Coupon Rate
- 6.00%
- Liquidation Preference
- $100.00
- Call Price
- —
- Call / Redemption Date
- —
- Maturity Date
- None
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 6.00
- Distribution Dates
- 1/1, 4/1, 7/1 & 10/1
- Credit Ratings
- Moody's Baa1 · S&P NR (8/26/2022)
- Tax-Advantaged Dividends
- Yes
Security Profile
- CUSIP
- 154051403
- Market Cap
- Micro Cap · $0 Million
- Parent Company
- Energy East Corp. (AGRD*)
Business: Central Maine Power Co., 6.00% Noncallable Series Preferred Stock, par value $100 per share, Noncallable at any time and not subject to mandatory redemption. Distributions of 6.00% ($6.00) per annum are paid quarterly on 1/1, 4/1, 7/1 & 10/1. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. Holders of the 6% Noncallable series are entitled to one vote per share and have full voting rights on all matters. Central Maine Power Co. is a wholly-owned subsidiary of Energy East Corp. (NYSR: EAS).
Notes: September 17, 2008 -- Iberdrola SA closed on its $4.5 billion deal to buy Energy East Corp. the Maine-based electric company with 1.7 million upstate customers, Iberdrola announced. Energy East shareholders will receive $28.50 in cash per share as part of the merger.
Company Contact
- CEO
- Wesley W. von Schack
- CFO
- Kenneth M. Jasinski
- Headquarters
- P.O. Box 12904, Albany, NY 12212-2904
- Phone
- 518-434-3049 · Toll-Free 800-225-5643
- Fax
- 607-347-2560
- Investor Relations
- Fausto Gentile · 607-347-2561