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Southern Co. Capital Trust III, 7.75% Qrtly Inc Preferred Sec QUIPS
Ticker Symbol: SO-A* CUSIP: 84258T208 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/23/2002
Security has been Called for: Friday, August 23, 2002
7/23/2002 Southern Co. announced the redemption of the 7.75% QUIPS Preferred Securities on 8/23/2002 at $25 plus accrued dividends.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Southern Co. Capital Trust III, 7.75% Cumulative Quarterly Income Preferred Securities (QUIPS), liquidation amount $25, guaranteed by Southern Co. (NYSE: SO), redeemable at the issuer's option on or after 6/06/2002 at $25 per share, maturing 3/31/2037, distributions are paid quarterly on 3/31, 6/30, 9/30 & 12/31. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (see prospectus for extensive details). The trust will use their funds from the sale of the preferred securities to purchase from the company the 7.75% Series C Junior Subordinated Deferrable Interest Notes due 2037.
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Go to Parent Company's Record (SO)
IPO - 6/6/1997 - 8.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $202.0 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 - David M. Ratcliffe |
CFO - Thomas A. Fanning |
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