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KCPL Financing I, 8.30% TOPrS Trust Orig Preferred Securities
Ticker Symbol: KLT-T* CUSIP: 482432200 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/21/2004
Security has been Called for: Wednesday, July 21, 2004
June 21, 2004--Kansas City Power & Light announced that on July 21, 2004, the company will redeem a series of preferred securities issued by a subsidiary financing trust. The redemption covers the entire issue of 8.3% Trust Originated Preferred Securities issued by KCPL Financing I with a face value of $150 million. As the preferred securities are being redeemed at par, security holders will receive $25 per preferred security, plus accrued and unpaid distributions to the redemption date. Distributions to be paid on June 30, 2004, to record holders as of June 29, 2004, will be paid in the normal manner in the amount of $0.51875 per security.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: KCPL Financing I, 8.3% Trust Originated Preferred Securities (TOPrS), liquidation amount $25 per share, guaranteed by Kansas City Power & Light Co., a wholly owned subsidiary of Great Plains Energy (NYSE: GXP), redeemable at the issuer's option on or after 3/31/2002 at $25 per share plus accrued and unpaid dividends, maturing 3/31/2037, distributions of 8.3% per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 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 (see IPO prospectus for details). The trust's assets consist of the 8.3% Junior Subordinated Deferrable Interest Debentures due 2037 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 (GXP)
IPO - 4/10/1997 - 6.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $152.0 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: 1201 Walnut Street, Kansas City, MO 64106 |
| Main Phone Number |
816-556-2200 |
| Fax Number |
816-556-2992 |
| Investor Relations
Ellen Fairchild
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816-556-2083
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| Toll Free Phone Number |
800-245-5275 |
| CEO - Michael J. Chesser |
CFO - Terry Bassham |
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