|
Virginia Electric & Power Co., $6.98 Cumulative Preferred Stock
Ticker Symbol: VELPL* CUSIP: 927804625 Exchange: OTOTC
* NOTE: This security is no longer trading as of 10/15/2014
Security has been Called for: Wednesday, October 15, 2014
October 14, 2014--- OTC Update announced Called for Redemption ($100.00 plus accrued dividends of $0.5737) will take place on 10/15/2014._______________Sept. 18, 2014 -- Virginia Electric and Power Company, a wholly owned subsidiary of Dominion (NYSE:D), announced that it is notifying holders of its preferred stock of its plans to redeem all shares of each outstanding series of preferred stock. The redemption date of the preferred stock is Oct. 20, 2014. The shares to be redeemed include the company's $5.00 Dividend Preferred Stock (NYSE:VEL PR E), which will be redeemed at the redemption price of $112.50 per share, plus accrued and unpaid dividends of $0.4110 per share to the redemption date. The other outstanding series of preferred stock will be redeemed at their applicable redemption price, plus accrued and unpaid dividends to the redemption date. The Paying Agent for the redemption of the preferred stock is Continental Stock Transfer & Trust Company, 17 Battery Place – 8th Floor, New York, NY 10004.
|
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: Virginia Electric & Power Co., $6.98 Cumulative Preferred Stock, liquidation preference $100 per share, redeemable any time at the issuer's option at $105.00 per share though 8/31/2003 and $103.15 on or after 9/01/2004 declining in steps to $100 by 9/1/2013, plus accrued and unpaid dividends, not subject to mandatory redemption, and with distributions of $6.98 (6.98%) per annum paid quarterly on 3/20, 6/20, 9/20 & 12/20. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. Virginia Electric & Power Co. is a wholly-owned subsidiary of Dominion Resources Inc. (NYSE: D).
|
Go to Parent Company's Record (D)
IPO - 8/10/1993 - 600,000 Shares @ $100.00/share.
Market Value $60.5 Million
|
Company's Online Information Links
|
| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 120 Tredegar Street, Richmond, VA 23219 |
| Main Phone Number |
804-819-2000 |
| Fax Number |
804-819-2205 |
| Investor Relations
Laura Kottkamp
|
804-819-2254
|
| Toll Free Phone Number |
800-552-4034 |
| CEO - Thomas F. Farrell, II |
CFO - Thomas N. Chewning |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
