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Sempra Energy Capital Trust I, 8.90% QUIPS Cumul Preferred Securities
Ticker Symbol: SRE-A** CUSIP: 81685Q203 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/23/2005
Security has been Called for: Wednesday, February 23, 2005
Jan. 7, 2005 -- Sempra Energy announced today that Sempra Energy Capital Trust I will redeem all of the 8 million outstanding shares of its 8.9-percent Cumulative Quarterly Income Preferred Securities, Series A on Feb. 23, 2005, at a redemption price of $25 per share, plus accumulated and unpaid distributions to the redemption date. The Series A QUIPS are listed on the New York Stock Exchange under the ticker symbol, SRE PrA (CUSIP number is 81685Q 20 3). Sempra Energy Capital Trust I is a subsidiary financing trust of Sempra Energy. Funds for the redemption of the Series A QUIPS will be provided by Sempra Energy's concurrent redemption of its 8.9-percent Subordinated Deferrable Interest Notes, Series A, due Feb. 23, 2030, held by the trust.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Sempra Energy Capital Trust I, 8.90% Cumulative Quarterly Income Preferred Securities, Series A (QUIPS), liquidation amount $25.00 per share, guaranteed by Sempra Energy (NYSE: SRE), redeemable at the issuer's option on or after 2/23/2005 at $25 per share plus accrued and unpaid dividends, maturing 2/23/2030, distributions of 8.90% per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record one day prior to the payment date. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (see IPO prospectus for details). The trust's assets consist of the 8.90% Subordinated Deferrable Interest Debentures due 2/23/2030 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 (SRE)
IPO - 2/18/2000 - 8.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $215.0 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: 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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