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NRG Energy Inc., 5.75% Mandatory Convertible Preferred Stock due 3/16/2009
Ticker Symbol: NRG-A* CUSIP: 629377870 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/16/2009
QUANTUMONLINE.COM SECURITY DESCRIPTION: NRG Energy Inc., 5.75% Mandatory Convertible Preferred Stock, liquidation preference $250 per share. The preferred shares are mandatorily convertible on 3/16/2009 into a variable number of NRG Energy Inc. (NYSE: NRG) common shares based on the then current price of the common shares for 20 consecutive trading days immediately prior to the conversion date. The conversion settlement rate will be 4.1356 shares per unit if the then current market price is equal to or greater than $60.45 and 5.1282 shares per unit if the market price is equal to or less than $48.75. For market prices between those values the settlement rate will be $250 divided by the market value. The last reported sale price of the common stock on 1/25/2006 was $49.25. The preferred shares are convertible any time at the holder’s option into 4.1356 shares of common stock. If the price of the common stock exceeds $90.675 for at least 20 of 30 trading days, the company may cause the conversion of the preferred stock into 4.1356 shares of common stock. Distributions of 5.75% ($14.375) per annum will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the date fixed by the board. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds of the company and senior to the common shares of the company. See the IPO prospectus for further information on the mandatory convertible preferred stock and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
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Stock Exchange |
Cpn Rate Ann Amt |
LiqPref CallPrice |
Call Date Matur Date |
Moodys/S&P Dated |
Conversion Shares@Price |
Distribution Dates |
15% Tax Rate |
NYSE
Chart
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5.75%
$14.375
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$250.00
N/A
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3/16/2009
3/16/2009
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B2
CCC+
2/03/2009
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4.1356@$60.45+
5.1282@$48.75-
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3/15, 6/15, 9/15 & 12/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
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YES
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Go to Parent Company's Record (NRG)
IPO - 1/27/2006 - 2.00 Million Shares @ $250/share.
Link to IPO Prospectus
Previous Ticker Symbol: NRGEN Changed: 2/01/2006
Market Value $500.0 Million
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: 211 Carnegie Center, Princeton, NJ 08540 |
Main Phone Number |
609-524-4500 |
Fax Number |
609-524-4501 |
Investor Relations
Nahla Azmy
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609-524-4526
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Toll Free Phone Number |
800-241-4674 |
CEO - David W. Crain |
CFO - Clint C. Freeland |
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