|
NRG Energy Inc., 4% Convertible Perpetual Preferred Stock
Ticker Symbol: NRGEO* CUSIP: 629377706 Exchange: OTOTC
* NOTE: This security is no longer trading as of 10/25/2016
Security has been Called for: Tuesday, October 25, 2016
10/24/2016 -- OTC Daily Deletons Updates notes: Redeemed ($903.4137/share)effective 10/25/2016.______________The 4% Convertible Perpetual Preferred Stock was originally issued in a private placement on 12/21/2004.
|
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: NRG Energy Inc., 4% Convertible Perpetual Preferred Stock, liquidation preference $1000 per share, redeemable at the issuer's option on or after 12/20/2009 at $1000 per share plus accrued and unpaid dividends (but redeemable only if all preferred dividends have been paid), with no stated maturity, and with cumulative distributions of 4% ($40.00) per annum paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on 3/1, 6/1. 9/1 & 12/1 respectively or on the date fixed by the board, not more than 60 days or less than 10 days prior to the payment date. The preferred shares are convertible any time at the holder's option into 25 common shares of NRG Energy Inc. (NYSE: NRG), an initial conversion price of $40 per common share. The conversion rate will be decreased for any dividends paid on the common stock (see page 2 of the prospectus for further information). The company may not purchase any of the preferred shares other than by an offer made on the same terms to all holders of the preferred stock. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Go to Parent Company's Record (NRG)
IPO - 12/21/2004 - 420,000 Shares @ $1000.00/share.
Link to IPO Prospectus
Market Value $420.0 Million
|
Company's Online Information Links
|
| 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
Chad Plotkin, Vice President
|
609-524-4526
|
Toll Free Phone Number |
Unknown |
| CEO - David W. Crane |
CFO - Kirkland B. Andrews |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
