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San Diego Gas & Electric Co., $1.82 Series Preferred Stock
Ticker Symbol: SDO-H* CUSIP: 797440815 Exchange: AMEX
* NOTE: This security is no longer trading as of 10/15/2013
Security has been Called for: Tuesday, October 15, 2013
Sep 3, 2013 -- San Diego Gas & Electric (SDG&E) today announced that, on Oct. 15, 2013, SDG&E will redeem all issued and outstanding shares of its Cumulative Preferred Stock and Preference Stock (Cumulative) at the following redemption prices:
5.0% Series Cumulative Preferred Stock, (SDO-A) $20 par value (CUSIP Number 797440401), at a redemption price of $24.00 per share plus all accrued and accumulated dividends on such share to the redemption date, without interest;
4.5% Series Cumulative Preferred Stock, (SDO-B) $20 par value (CUSIP Number 797440302), at a redemption price of $21.20 per share plus all accrued and accumulated dividends on such share to the redemption date, without interest;
4.4% Series Cumulative Preferred Stock, (SDO-C) $20 par value (CUSIP Number 797440203), at a redemption price of $21.00 per share plus all accrued and accumulated dividends on such share to the redemption date, without interest;
4.6% Series Cumulative Preferred Stock, (SDOGP) $20 par value (CUSIP Number 797440807), at a redemption price of $20.25 per share plus all accrued and accumulated dividends on such share to the redemption date, without interest;
$1.70 Series Preference Stock (SDOGI) (Cumulative), without par value (CUSIP Number 797440823), at a redemption price of $25.00 per share plus all accrued and accumulated dividends on such share to the redemption date, without interest;
$1.82 Series Preference Stock (SDO-H) (Cumulative), without par value (CUSIP Number 797440815), at a redemption price of $26.00 per share plus all accrued and accumulated dividends on such share to the redemption date, without interest.
The cost of the redemption will be approximately $81.5 million plus all accrued and accumulated dividends to the redemption date.
The redemption date will be Oct. 15. Dividends on shares of the Cumulative Preferred Stock and Preference Stock (Cumulative) will cease to accrue on the redemption date, on and after which the holders of Cumulative Preferred Stock and Preference Stock (Cumulative) will be entitled to receive only the respective redemption prices (including accrued and accumulated dividends to the redemption date), without interest, in respect of their shares. Questions regarding the redemption of preferred stock and preference stock may be directed to Wells Fargo Bank, N.A. at (800) 468-9716 (toll free) or (651) 450-4064, or to SDG&E at (619) 696-2020.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: San Diego Gas & Electric Co., $1.82 Series Preferred Stock, liquidation preference $25 per share, redeemable any time at the company's option at $26.00 per share plus accrued and unpaid dividends, not subject to mandatory redemption, and with distributions of $1.82 (7.28%) per annum paid quarterly on 1/15, 4/15, 7/15 & 10/15. 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. 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. San Diego Gas & Electric Co. is a wholly-owned subsidiary of Sempra Energy (NYSE:SRE).
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Go to Parent Company's Record (SRE)
IPO - 11/15/1993 -
Market Value $16.1 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: 101 Ash Street, San Diego, CA 92101 |
| Main Phone Number |
619-696-2034 |
| Fax Number |
619-696-1814 |
| Shareholder Services
Karen Sedgwick
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877-736-7727
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| Toll Free Phone Number |
877-736-7721 |
| CEO - Stephen L. Baum |
CTL - F.H. Ault |
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