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Dominion CNG Capital Trust I, 7.80% Trust Preferred Securities
Ticker Symbol: DMG-A* CUSIP: 257206201 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/17/2007
Security has been Called for: Tuesday, July 17, 2007
June 18, 2007 -- Dominion CNG Capital Trust I to Redeem Its 7.8 % Trust Preferred Securities. Continuing its previously announced plan to use proceeds from the pending sales of its oil and natural gas exploration and production (E&P) assets, Consolidated Natural Gas Company, a wholly owned subsidiary of Dominion Resources, Inc. (NYSE: D), announced today that its subsidiary trust, Dominion CNG Capital Trust I, will redeem all of its outstanding 7.8 % Trust Preferred Securities (NYSE: DMG PrA) on July 17, 2007. The paying agent is The Bank of New York. The redemption price is the par value of $25 per preferred security plus accrued and unpaid distributions through and including the redemption date. The record date will be July 16, 2007.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Domonion CNG Capital Trust I, 7.8% Trust Preferred Securities, liquidation amount $25 per share, guaranteed by Consolidated Natural Gas Co., a wholly-subsidiary of Dominion Resources Inc. (NYSE: D), redeemable at the issuer's option on or after 10/23/2006 at $25 per share plus accrued and unpaid dividends, maturing 10/31/2041, distributions of 7.80% per annum are paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record one business day prior to the payment date. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 7.80% Junior Subordinated Deferrable Interest Debentures due 10/31/2041 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 (D)
IPO - 10/17/2001 - 8.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $201.0 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: 120 Tredegar Street, Richmond, VA 23219 |
| Main Phone Number |
804-819-2000 |
| Fax Number |
804-819-2205 |
| Investor Relations
Laura Kottkamp
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804-819-2254
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| Toll Free Phone Number |
800-552-4034 |
| CEO - Thomas F. Farrell, II |
CFO - Thomas N. Chewning |
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