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Alabama Power Co., 4.60% Series Cumulative Preferred Stock
Ticker Symbol: ALPVN* CUSIP: 010392405 Exchange: OTOTC
* NOTE: This security is no longer trading as of 6/21/2022
Security has been Called for: Tuesday, June 21, 2022
May 13, 2022 -- Alabama Power Company today announced that it issued a notice of redemption for the following series of preferred stock:
4.20% Preferred Stock, Par Value $100 Per Share CUSIP No. 010392207
4.60% Preferred Stock, Par Value $100 Per Share CUSIP No. 010392405
4.92% Preferred Stock, Par Value $100 Per Share CUSIP No. 010392702
4.52% Preferred Stock, Par Value $100 Per Share CUSIP No. 010392306
4.64% Preferred Stock, Par Value $100 Per Share CUSIP No. 010392504
4.72% Preferred Stock, Par Value $100 Per Share CUSIP No. 010392603
The redemption date for each of the above series of preferred stock will be June 21, 2022. The redemption price per share for each series of preferred stock to be redeemed shall be equal to $105.00 per share plus accrued and unpaid dividends to the redemption date for the 4.20% Preferred Stock; $104.20 per share plus accrued and unpaid dividends to the redemption date for the 4.60% Preferred Stock; $103.23 per share plus accrued and unpaid dividends to the redemption date for the 4.92% Preferred Stock; $102.93 per share plus accrued and unpaid dividends to the redemption date for the 4.52% Preferred Stock; $103.14 per share plus accrued and unpaid dividends to the redemption date for the 4.64% Preferred Stock and $102.18 per share plus accrued and unpaid dividends to the redemption date for the 4.72% Preferred Stock. No dividends on the preferred stock being redeemed will accrue on or after the redemption date, nor will any interest accrue on amounts held to pay the redemption price.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Alabama Power Co., 4.60% Series Cumulative Preferred Stock, par value $100 per share, redeemable anytime at $104.20 per share, and with no stated maturity. Distributions of 4.60% ($4.60) per annum are paid quarterly on 1/1, 4/1, 7/1 & 10/1. Dividends paid by this preferred 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. Alabama Power Co. is a wholly-owned subsidiary of the Southern Co. (NYSE:SO).
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Go to Parent Company's Record (SO)
IPO - 1/1/1950 -
Market Value $10.0 Million
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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: 30 Ivan Allen Jr. Boulevard, N.W., Atlanta, GA 30308 |
| Main Phone Number |
404-506-5000 |
| Fax Number |
404-506-0455 |
| Investor Relations
Glen Kundert
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404-506-5135
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| Toll Free Phone Number |
866-762-6411 |
| CEO - Thomas A. Fanning |
CFO - Richard S. Teel |
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