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Dominion Resources, 8.75% Upper DECS due 5/16/2006
Ticker Symbol: D-U*     CUSIP: 25746U406     Exchange: NYSE
Security Type:   Mandatory Convertible Security
* NOTE: This security is no longer trading as of 5/16/2006

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Dominion Resources Inc., Upper DECS Equity Income Securities, stated amount $50 per unit, initially consisting of Corporate Units which include a stock purchase contract and a 5.75% senior note with a principal amount of $50. The purchase contract requires the holder to purchase for $50 a variable number of shares of Dominion Resources Inc. (NYSE: D) common stock no later than 5/15/2006 and pays a contract adjustment rate of 3.0%. The purchase settlement rate will be 0.6148 shares per unit if the then current market price is equal to or greater than $81.33 and 0.8361 shares per unit if the price is equal to or less than $59.60. For market prices between those values the settlement rate will be $50 divided by the market value. The senior note is due 5/15/2008 and is subject to reset and remarketing on or after 2/15/2006. The Upper DECS Units pay quarterly distributions of 8.75% ($4.375) per annum on 2/15, 5/15, 8/15 & 11/15 to holders of record one business day prior to the payment date while the securities remain in book-entry form. The senior notes are pledged as collateral to secure the holder's obligations under the stock purchase contract. The holder has the right at any time to convert the Corporate Units to Treasury Units by the substitution of a specified zero-coupon U.S. Treasury security for the senior notes and to later recreate Corporate Units. The senior notes are unsecured and rank equally with the company's other unsecured senior indebtedness. See the IPO prospectus for extensive additional information on the equity units and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Conversion
Shares@Price
Distribution Dates 15%
Tax Rate
NYSE
Chart
8.75%
$4.375
$50.00
N/A
5/15/2006
5/15/2008
Baa1 BBB
2/22/2006
0.6148@$81.33+
0.8361@$59.80-
2/15, 5/15, 8/15 & 11/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (D)

IPO - 3/18/2002 - 6.00 Million Units @ $50.00/unit.    Link to IPO Prospectus
Market Value $311.0 Million

Company's Online Information Links
HOME PAGE:     http://www.dom.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address Investor.Relations@dom.com
Printed Material Request Form on Website Go to Email Form

Address and Phone Numbers
Address:   120 Tredegar Street, Richmond, VA 23219
Main Phone Number 804-819-2000
Fax Number 804-819-2205
Investor Relations   Laura Kottkamp 804-819-2254
Toll Free Phone Number 800-552-4034
CEO - Thomas F. Farrell, II CFO - Thomas N. Chewning

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