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Southern Co. Capital Trust VI, 7.125% Trust Preferred Securities
Ticker Symbol: SO-D* CUSIP: 84264C207 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/31/2007
Security has been Called for: Tuesday, July 31, 2007
June 29, 2007 -- Southern Company today announced the planned redemption on July 31, 2007, of all $199,500,000 aggregate liquidation amount of the Southern Company Capital Trust VI 7.125% Trust Preferred Securities. The redemption price for the Southern Company Capital Trust VI 7.125% Trust Preferred Securities will be $25 per Trust Preferred Security plus accrued and unpaid distributions thereon to the date of redemption. It is expected that The Bank of New York Trust Company, N.A., as Property Trustee, will notify each registered holder by first class mail on or about June 29, 2007. The Bank of New York Trust Company, N.A. is located at 100 Ashford Center North, Suite 520, Atlanta, Georgia 30338.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Southern Co. Capital Trust VI, 7.125% Trust Preferred Securities, liquidation amount $25 per share, guaranteed by Southern Co. (NYSE: SO), redeemable at the issuer's option on or after 7/31/2007 at $25 per share plus accrued and unpaid dividends, maturing 6/30/2042, distributions of 7.125% ($1.78125) 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 7.125% Junior Subordinated Deferrable Interest Debentures due 6/30/2042 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 (SO)
IPO - 7/26/2002 - 8.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $200.0 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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