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DTE Energy Co., 2012 Series C 5.25% Junior Subordinated Debentures due 12/1/2062
Ticker Symbol: DTQ* CUSIP: 233331701 Exchange: NYSE
* NOTE: This security is no longer trading as of 10/22/2020
Security has been Called for: Thursday, October 22, 2020
September 22, 2020 -- DTE Energy also announced today the full redemption of all outstanding 2012 Series C 5.250% Junior Subordinated Debentures. The 2012 Series C 5.250% Junior Subordinated Debentures will be redeemed on Oct. 22, 2020. The redemption price is 100 percent of the unpaid principal amount of the 2012 Series C 5.250% Junior Subordinated Debentures, together with accrued and unpaid interest up to, but excluding, Oct. 22, 2020. The 2012 Series C 5.250% Junior Subordinated Debentures 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 Co., 2012 Series C 5.25% Junior Subordinated Debentures due 2062, issued in $25 denominations, redeemable at the issuer's option on or after 12/1/2017 at $25 per share plus accrued and unpaid interest, and maturing 12/1/2062. Interest distributions of 5.25% per annum ($1.3125 per annum or $0.328125 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be 15 calendar days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (DTE)
IPO - 9/25/2012 - 8.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $200.0 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 |
Not Available |
| Investor Relations
John Dermody
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313-235-8030
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| Toll Free Phone Number |
866-388-8558 |
| CEO - Jerry Norcia |
CFO - David Ruud |
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