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Quotes delayed 20 minutes
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Hold (2.33 out of 4)
18th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Tuesday, April 23, 8:19 PM
Slide #375. Interstate Power and Light Company — Preferred Stock Offering
| Company: |
Interstate Power and Light Company (NASDAQ:LNT) |
| Shares Offered: |
8,000,000 |
| Date of Pricing: |
3/14/2013 |
| Price Per Share: |
$25 |
| Preferred Stock Offering Details: |
Interstate Power and Light Company (IPL), a wholly-owned subsidiary of Alliant Energy Corporation (NYSE:LNT), announced today the pricing of an underwritten public offering of 8.0 million shares of newly issued 5.1% Series D Cumulative Perpetual Preferred Stock ("Preferred Stock") at a price of $25.00 per share, resulting in gross proceeds of $200 million |
Alliant Energy is a public utility holding company. Co.'s primary focus is to provide regulated electric and natural gas service. Co.'s subsidiaries are: Interstate Power and Light Company, which is engaged in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Iowa; Wisconsin Power and Light Company, which is engaged in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Wisconsin; and Alliant Energy Finance, LLC, which manages a portfolio of wholly-owned subsidiaries and additional investments. Preferreds: IPL.PRB, IPL.PRD
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