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SJG Capital Trust, 8.35% Preferred Securities
Ticker Symbol: SJI-T* CUSIP: 78427Q202 Exchange: NYSE
* NOTE: This security is no longer trading as of 11/05/2003
Security has been Called for: Wednesday, November 5, 2003
Oct. 3, 2003 -- South Jersey Gas Company, the primary subsidiary of South Jersey Industries (NYSE:SJI), announced today that it has called for redemption of its 8.35% Deferrable Interest Subordinated Debentures issued to its subsidiary, SJG Capital Trust. The redemption will be effective on November 5, 2003. SJG Capital Trust will redeem all of its 8.35% Preferred Securities (NYSE:SJI.T) also on November 5, 2003, at a redemption price of $25 per preferred security plus accrued interest in accordance with the terms of the preferred securities.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: SJG Capital Trust, 8.35% Preferred Securities, liquidation amount $25 per share, guaranteed by South Jersey Gas Co., a subsidiary of South Jersey Industries Inc. (NYSE: SJI), redeemable at the issuer's option on or after 4/30/2002 at $25 per share plus accrued and unpaid dividends, maturing 4/30/2037, distributions of 8.35% 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 while the securities remain in book-entry form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 8.35% Subordinated Deferrable Interest Debentures due 4/30/2037 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 (SJI)
IPO - 4/30/1997 - 1.40 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $35.5 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: 1 South Jersey Plaza, Route 54, Folsom, NJ 08037 |
Main Phone Number |
609-561-9000 |
Fax Number |
609-561-8225 |
Investor Relations
Stephen Clark
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609-561-9000
Ext: 4260
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Toll Free Phone Number |
888-756-3100 |
CEO - Chales Biscieglia |
TRS - David A. Kindlick |
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