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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: |
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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 »
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