Preferred Stock Channel
Southern Company (The) | 5.30% Class A Preferred Stock (ALP.PRP)

This preferred is marked as having been called.
Prospectus excerpt:  This is a public offering by Alabama Power Company of 4,000,000 shares of 5.30% Class A Preferred Stock, Cumulative, Par Value $1 Per Share (Stated Capital $25 Per Share).On or after April 1, 2009, Alabama Power Company may redeem shares of the new Stock, in whole or in part, at a redemption price equal to $25.00 per share plus accrued and unpaid dividends. Dividends on the new Stock will be cumulative from the date of issuance and are payable quarterly on January 1, April 1, July 1 and October 1 of each year, beginning April 1, 2004.

Full Prospectus PDF », Secondary Prospectus PDF », SO Page »

Alternate symbology:ALP-P, ALP-PP, ALPprP
Redeemable?:Yes
Call Date:4/1/2009 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:4,000,000
Liquidation Preference:$25.00
Original Coupon:5.30%
Pay Period:Quarterly
Pay Dates:1-Jan, 1-Apr, 1-Jul, 1-Oct
CDx3 Compliance Rating: Learn ALP.PRP's Rating
Southern is a holding company. Through its subsidiaries, Alabama Power Company, Georgia Power Company, and Mississippi Power Company, each of which is an operating public utility company, Co. provides electric service to retail customers in three Southeastern states in addition to wholesale customers in the Southeast. Co. also owns Southern Company Gas, which is an energy services holding company whose primary business is the distribution of natural gas in four states, Illinois, Georgia, Virginia, and Tennessee, through the natural gas distribution utilities. Southern Company Gas is also involved in several other businesses that are complementary to the distribution of natural gas.

Preferreds: ALP.PRN, ALP.PRO, ALP.PRP, MP.PRD, GPE.PRA, ALP.PRQ


Open the SO Information Page »
Name:  Southern Company (The)
Website:  www.southerncompany.com
Sector:  Electric Utilities
Number of ETFs Holding SO:  109 (see which ones)
Total Market Value Held by ETFs:  $11,369,118,214.97
Total Market Capitalization:  $73,026,000,000
% of Market Cap. Held by ETFs:  15.57%

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