Preferred Stock Channel
Chesapeake Energy Corp. | 4.50% Cumulative Convertible Preferred Stock (CHK.PRD)

Prospectus excerpt:  We are offering 3,000,000 shares of 4.50% cumulative convertible preferred stock. The annual dividend on each share of preferred stock is $4.50 and is payable quarterly in cash, common stock or a combination thereof, in arrears, on each March 15, June 15, September 15 and December 15, commencing December 15, 2005. Each share of preferred stock has an initial liquidation preference of $100.00 per share and is convertible, at the holderĘs option at any time, initially into approximately 2.2639 shares of our common stock based on an initial conversion price of $44.172 per share, subject in each case to specified adjustments. The conversion price will be adjusted as described herein upon the occurrence of certain change of control transactions and other events. The preferred stock is not redeemable by us at any time. In the event that a fundamental change occurs, we will pay a make-whole premium on preferred stock converted in connection therewith, as described in this prospectus supplement. On or after September 15, 2010, if the closing price of our common stock exceeds 130% of the conversion price for 20 trading days during any consecutive 30 trading day period, we may at our option cause the preferred stock to be automatically converted into shares of common stock at the then prevailing conversion price.

Full Prospectus PDF », CHK Page »

Alternate symbology:CHK-D, CHK-PD, CHKprD
Call Date:9/15/2010 (Now Trading Post Call Date)
Conversion Ratio:2.2639
Conversion Price:$44.17
Shares Offered:3,000,000
Liquidation Preference:$100
Recent Market Price:$20.07
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-79.93 (-79.93%)
Annualized Dividend:4.5
Recent Ex-Date:11/27/2019
Current Yield:5.61%
Original Coupon:4.50%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
Chesapeake Energy is a holding company. Through its subsidiaries, Co. is an independent exploration and production company engaged in the acquisition, exploration and development of properties to produce oil, natural gas and natural gas liquid from underground reservoirs. Co. owns a portfolio of onshore U.S. liquids and natural gas assets. Co. has positions in the resource plays of the Eagle Ford Shale in South Texas, the stacked pay in the Powder River Basin in Wyoming and the Anadarko Basin in northwestern Oklahoma. Co.'s natural gas resource plays are the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.

Preferred: CHK.PRD

Open the CHK Information Page »
Name:  Chesapeake Energy Corp.
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding CHK:  68 (see which ones)
Total Market Value Held by ETFs:  $164,749,911
Total Market Capitalization:  $1,348,000,000
% of Market Cap. Held by ETFs:  12.22%

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