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Dominion Energy, Inc., 7.25% 2019 Series A Equity Units Due 06/01/2022
Ticker Symbol: DCUE*     CUSIP: 25746U133     Exchange: NYSE
Security Type:   Mandatory Convertible Security
* NOTE: This security is no longer trading as of 6/01/2022

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Dominion Energy, Inc., 7.25% 2019 Series A Equity Units, stated amount $100 per unit, initially consisting of Corporate Units which include a purchase contract issued by Dominion Energy, Inc and a 1/10, undivided beneficial ownership interest in one share of 1.75% Series A Cumulative Perpetual Convertible Preferred Stock.

The stock purchase contract requires the holder to purchase for $100 a variable number of shares of Dominion Energy, Inc (NYSE:D) common stock no later than 6/1/2022 and pays a contract adjustment rate of 5.50% per annum. The stock purchase settlement rate will be 1.3529 shares per unit if the then current market price is less than or equal to $73.91. If the current market value is over $73.91 the settlement rate will be the number of shares equal to $100 divided by the applicable market value. Prior to the IPO of this security, the last reported sale price of the common stock on 06/12/2019 was $73.91 per share. The stock purchase contract may be settled any time at the holder’s option at 85% of the settlement rate (see prospectus for more details). Upon a Fundamental Change, the purchase contracts may be settled early at the settlement rate, plus an additional make-whole amount of shares determined (see IPO prospectus for further information).

The 1.75% Series A Cumulative Perpetual Convertible Preferred Stock, liquidation preference $1000.00 per share, redeemable at the issuer's option on or after 9/1/2022 at $1000 per share plus accrued and unpaid dividends, and with no stated maturity. The conversion rate is initially 11.2750 shares of common stock per share of convertible preferred stock. Holders of Corporate Units do not have the right to convert their ownership interests in the Convertible Preferred Stock that are a part of such Corporate Units into shares of common stock. Dividends paid by the 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 (see page S-114 of the prospectus for further information).

Dividends paid by the Purchase Contract are NOT eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket, and are also NOT eligible for the dividends received deduction for corporate holders (see page S-117 of the prospectus for further information). The Corporate Units pay quarterly distributions of 7.25% ($7.25 per annum or $1.8125 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date which is the 15 day of the month immediately preceding the month of the payment date. (NOTE: the ex-dividend date is one business day prior to the record date). The holder has the right at any time to convert 10 Corporate Units to Treasury Units by the substitution of a specified zero-coupon U.S. Treasury security for the Notes and to later recreate Corporate Units.

This security was not rated by Moody’s and rated BBB- by S&P at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock 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
7.25%
$7.25
$100.00
$100.00
Not Redeemable
6/01/2022
NR BBB-
3/01/2022
1.3529@73.91-
N/A
3/1, 6/1, 9/1 & 12/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
Variable

Go to Parent Company's Record (D)

IPO - 6/11/2019 - 14.00 Million Units @ $100.00 /unit.    Link to IPO Prospectus
Previous Ticker Symbol: DOMGL    Changed: 7/21/2019
Market Value $1.4 Billion

Company's Online Information Links
HOME PAGE:     https://www.dominionenergy.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@dominionenergy.com

Address and Phone Numbers
Address:   120 Tredegar Street, Richmond, VA 23219
Main Phone Number 804-819-2000
Fax Number 804-819-2205
Investor Relations 804-819-2000
Toll Free Phone Number 866-366-4357
CEO - Robert M. Blue CFO - James R. Chapman

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