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Mississippi Power Co., 5 5/8% Series E Senior Notes due 5/1/2033
Ticker Symbol: MPJ* CUSIP: 605417799 Exchange: NYSE
* NOTE: This security is no longer trading as of 5/15/2012
Security has been Called for: Tuesday, May 15, 2012
NOTICE IS HEREBY GIVEN that, pursuant to the provisions of the Senior Note Indenture dated as of May 1 , 1998 between Mississippi Power Company and WeBs Fargo Bank, National Association, successor to Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as successor trustee, as heretofore supplemented including by the Fifth Supplemental Indenture. dated as of April 29, 2003 , by and between the Company and the Trustee, pursuant to which the Series E 5-5/8% Senior Notes due May 1 2033 of the Company were issued, all of the outstanding Notes will be redeemed on May 15 , 2012 at a redemption price equal to 100% of the principal amount thereof plus accrued but unpaid interest to the Redemption Date (the "Redemption Price ). This notice of redemption is being . sent to holders of the Notes pursuant to Section 107 of the Supplemental Indenture. On the Redemption Date, the Redemption Price will become due and payable upon each Note to be redeemed. Unless the Company defau1ts in the payment of the Redemption Price, interest, if any, on the Notes will cease to accrue on and after the Redemption Date, and the only remaining right of the holders of such Notes is to receive payment of the Redemption Price upon surrender to the Trustee (acting as the Paying Agent) of the Notes redeemed. The Notes called for redemption must be surrendered to the Trustee to collect the Redemption Price with respect to such Notes.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Mississippi Power Co., 5 5/8% Series E Senior Notes, issued in $25 denominations, redeemable at the issuer's option on or after 5/01/2008 at $25 per share plus accrued and unpaid interest, maturing 5/01/2033, distributions of 5 5/8% ($1.40625) per annum are paid quarterly on 2/1, 5/1, 8/1 & 11/1 to holders of record at the close of business on the 15th calendar date prior to the payment date. 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. Payments of principal and interest on the Series E Senior Notes when due are insured by a financial guaranty insurance policy to be issued by XL Capital Assurance Inc. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below. Mississippi Power Co. is a wholly-owned subsidiary of The Southern Co. (NYSE: SO).
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Go to Parent Company's Record (SO)
IPO - 4/25/2003 - 3.60 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $90.0 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: 30 Ivan Allen Jr. Boulevard, N.W., Atlanta, GA 30308 |
| Main Phone Number |
404-506-5000 |
| Fax Number |
404-506-0455 |
| Investor Relations
Glen Kundert
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404-506-5135
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| Toll Free Phone Number |
866-762-6411 |
| CEO - Thomas A. Fanning |
CFO - Richard S. Teel |
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