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DTE Energy Trust I, 7.80% Trust Preferred Securities
Ticker Symbol: DTE-A* CUSIP: 23333Q201 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/29/2011
Security has been Called for: Thursday, December 29, 2011
Nov. 29, 2011 -- DTE Energy announced the full redemption of all outstanding $180,000,000 7.80% Trust Originated Preferred Securities issued by its affiliate DTE Energy Trust I due February 1, 2032 (NYSE: DTEPRA) and all outstanding $100,000,000 7.50% Trust Originated Preferred Securities issued by its affiliate DTE Energy Trust II due June 1, 2044 (NYSE: DTEPRC). Both series of Trust Originated Preferred Securities will be redeemed on December 29, 2011 , the redemption date. The redemption price is 100% of the unpaid principal amount of the Trust Originated Preferred Securities, together with accrued and unpaid interest up to, but excluding, December 29, 2011 . The Trust Originated Preferred Securities will be called for redemption in minimum denominations of $25 and in multiples of $25 .
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QUANTUMONLINE.COM SECURITY DESCRIPTION: DTE Energy Trust I, 7.80% Trust Preferred Securities, liquidation amount $25 per share, guaranteed by DTE Energy Co. (NYSE: DTE) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 2/01/2007 at $25 per share plus accrued and unpaid dividends, maturing 2/01/2032, distributions of7.80% ($1.95) per annum are paid quarterly on 2/1, 5/1, 8/1 & 11/1 to holders of record one business day prior to the payment date while the securities remain in global security 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 7.80% Junior Subordinated Deferrable Interest Debentures due 2/01/2032 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 (DTE)
IPO - 1/11/2002 - 7.20 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $181.0 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: One Energy Plaza, Detroit, Michigan 48226 |
| Main Phone Number |
313-235-4000 |
| Fax Number |
313-235-0611 |
| Investor Relations
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313-235-8030
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| Toll Free Phone Number |
800-551-5009 |
| CEO - Gerard M. Anderson |
CFO - David E. Meador |
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