Preferred Stock Channel
American Electric Power Co Inc | 6.125% Equity Units (AEP.PRB)

Prospectus excerpt:  This is an offering of Equity Units (˘Equity Units÷) by American Electric Power Company, Inc. (˘AEP÷). Each Equity Unit will have a stated amount of $50.00 and initially will be in the form of a Corporate Unit (˘Corporate Unit÷) consisting of a purchase contract issued by AEP and a 1/20 undivided beneficial ownership interest in $1,000 principal amount of AEPĂs 3.40% junior subordinated debentures due 2024, which we refer to as the Notes.

Full Prospectus PDF », AEP Page »

Series:B
Alternate symbology:AEP-B, AEP-PB, AEPprB
Redeemable?:No
Call Date:3/15/2022
Maturity Date:3/22/2024
Cumulative?:Yes
Shares Offered:14,000,000
Overallotment:2,100,000
Liquidation Preference:$50
Original Coupon:6.13%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
American Electric Power Company is a public utility holding company. The public utility subsidiaries of Co. provide electric service, consisting of generation, transmission and distribution, on an integrated basis to their retail customers. The service areas of Co.'s public utility subsidiaries cover portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. Transmission networks are interconnected with distribution facilities in the territories served. Co.'s service company subsidiary provides accounting, administrative, information systems, engineering, financial, legal, maintenance and other services.

Preferreds: AEP.PRA, AEP.PRB


Open the AEP Information Page »
Name:  American Electric Power Co Inc
Website:  www.aep.com
Sector:  Electric Utilities
Number of ETFs Holding AEP:  90 (see which ones)
Total Market Value Held by ETFs:  $6,398,993,497,424,509
Total Market Capitalization:  $46,457,000,000
% of Market Cap. Held by ETFs:  13774013.60%

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