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BGE Capital Trust I, 7.16% TOPrS Trust Orig Preferred Securities
Ticker Symbol: BGE-A* CUSIP: 055415202 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/22/2003
Security has been Called for: Monday, December 22, 2003
Proceeds (from the sale of the BGE Capital Trust II 6.20% preferred) are expected to be used to refund a like amount of 7.16% subordinated debentures due 2038, underlying outstanding 7.16% preferred securities.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: BGE Capital Trust I, 7.16% Trust Originated Preferred Securities (TOPrS), liquidation amount $25 per share, guaranteed by Baltimore Gas and Electric Co., a subsidiary of Constellation Energy Group, Inc. (NYSE: CEG), redeemable at the issuer's option on or after 6/15/2003 at $25 per share plus accrued and unpaid dividends, maturing 6/30/2038, distributions of 7.16% ($1.79) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record one business day prior to the payment date while the securities remain in book-entry form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 7.16% Deferrable Interest Subordinated Debentures due 6/30/2038 which were purchased from the company using the funds generated from the sale of the trust 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 - 6/26/1998 - 10.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $250.0 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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