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    Sempra Energy 6.75% Mandatory Convertible Cumul Prfd Stock Ser B Due 07/15/2021
    Ticker Symbol: SRE-B*     CUSIP: 816851505     Exchange: NYSE
    Security Type:   Mandatory Convertible Security
    * NOTE: This security is no longer trading as of 7/15/2021

    QUANTUMONLINE.COM SECURITY DESCRIPTION:  Sempra Energy, 6.75% Mandatory Convertible Preferred Stock Series B, liquidation preference $100 per share. The preferred shares are mandatorily convertible on 7/15/2021 into a variable number of Sempra Energy (NYSE: SRE) common shares based on the then current price of the common shares for 20 consecutive trading days immediately prior to the conversion date. The conversion settlement rate will be 0.7326 shares per unit if the then current market price is equal to or greater than $136.50 and 0.8791 shares per unit if the market price is equal to or less than $113.75. For market prices between those values the settlement rate will be $100 divided by the market value. The last reported sale price of the common stock on 7/10/2018 was $113.75 per share. The preferred shares are convertible any time at the holder’s option into 0.7326 shares of common stock. Distributions of 6.75% per annum ($6.75 per annum or $1.6875 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be 1/1, 4/1, 7/1 & 10/1 respectively (NOTE: the ex-dividend date is one business day prior to the record date). If a fundamental change occurs on or prior to 7/15/2021, holders of the Preferred Stock will have the right to convert their shares of Mandatory Convertible Preferred Stock into shares of Common Stock at the fundamental change conversion rate and will also receive a fundamental change dividend make-whole amount (see prospectus for further details). Dividends paid by this preferred are eligible for a preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under normal holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-77 of the prospectus for further information). This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the mandatory convertible preferred stock and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
    Stock
    Exchange
    Cpn Rate
    Ann Amt
    LiqPref
    CallPrice
    Call Date
    Matur Date
    Moodys/S&P
    Dated
    Conversion
    Shares@Price
    Distribution Dates 15%
    Tax Rate
    NYSE
    Chart
    6.75%
    $6.75
    $100.00
    N/A
    7/15/2021
    7/15/2021
    NR NR
    11/04/2020
    0.7326@$136.50+
    0.8791@$113.75-
    1/15, 4/15, 7/15 & 10/15
    Click for MW ExDiv Date
    Click for Yahoo ExDiv Date
    YES

    Go to Parent Company's Record (SRE)

    IPO - 7/10/2018 - 5.00 Million Shares @ $100.00 /share.    Link to IPO Prospectus
    Previous Ticker Symbol: SREMP    Changed: 7/18/2018
    Market Value $500.0 Million

    Company's Online Information Links
    HOME PAGE:     https://www.sempra.com/
    Company's Investor Relations Information Go to Investor Relations Information
    Company's Online News Releases Go to News Releases
    Online Company Profile Go to Online Profile

    Company's Online SEC EDGAR Filings
    Company's SEC EDGAR Filings Go to SEC Filings

    Company's Email Address Links
    Email Address Investor@Sempra.com
    Printed Material Request Form on Website Go to Email Form

    Address and Phone Numbers
    Address:   488 8th Avenue, San Diego, CA 92101
    Main Phone Number 619-696-2000
    Fax Number Not Available
    Investor Relations 619-696-2901
    Toll Free Phone Number 877-736-7727
    CEO - Jeffrey W. Martin CFO - Trevor I. Mihalik

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