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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Tuesday, December 1, 8:30 PM

Slide #2. Kinder Morgan Preferred Stock Offering

Company: Kinder Morgan (NYSE:KMI)
Date announced: 10/27/2015
Security type: 9.75% Series A Mandatory Convertible Preferred Stock (NYSE:KMI.PRA)
Shares Offered: 32,000,000
Date of Pricing: 10/27/2015
Price Per Share: $49
Preferred Stock Offering Details: We are offering 32,000,000 depositary shares, each of which represents a 1/20th interest in a share of our 9.75% Series A Mandatory Convertible Preferred Stock, $0.01 par value per share, which we refer to in this prospectus supplement as our mandatory convertible preferred stock. The shares of mandatory convertible preferred stock will be deposited with Computershare Trust Company, N.A., as depositary, pursuant to a deposit agreement. Holders of the depositary shares will be entitled to a proportional fractional interest in the rights and preferences of the mandatory convertible preferred stock, including conversion, dividend, liquidation and voting rights, subject to the provisions of such deposit agreement.

Kinder Morgan is an energy infrastructure and energy company. Co. owns an interest in or operates 80,000 miles of pipelines and 180 terminals. Co.'s pipelines transport natural gas, refined petroleum products, crude oil, condensate and carbon dioxide (CO2), and its terminals transload and store petroleum products, ethanol and chemicals, and handle such products as coal, petroleum coke and steel. Co. business segments include: Natural Gas Pipelines, CO2, Terminals, Products Pipelines and Kinder Morgan Canada. As of Dec 31 2014, Co. had total proved reserves of 97.6 million barrels of crude oil, 10.8 million barrels of natural gas liquids and 2.07 billion cubic feet of natural gas.

Preferreds: EP.PRC, KMI.PRA

Open the KMI Page at Preferred Stock Channel »
Open the KMI.PRA Page at Preferred Stock Channel for More Information About this Preferred »

Name:  Kinder Morgan Inc.
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding KMI:  67 (see which ones)
Total Market Value Held by ETFs:  $1,507,253,862.84
Total Market Capitalization:  $53,266,000,000
% of Market Cap. Held by ETFs:  2.83%

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