Preferred Stock Channel
CenterPoint Energy, Inc | 7.00% Series B Mandatory Convertible Preferred Stock (CNP.PRB)

This preferred is marked as having been called.
Prospectus excerpt:  We are offering 17,000,000 depositary shares, each of which represents a 1/20th interest in a share of our 7.00% Series B Mandatory Convertible Preferred Stock, $0.01 par value per share, which we refer to in this prospectus supplement as our Series B Preferred Stock. The shares of our Series B Preferred Stock will be deposited with Broadridge Corporate Issuer Solutions, Inc., as depositary, pursuant to a deposit agreement. Holders of our depositary shares will be entitled to a proportional fractional interest in the rights and preferences of our Series B Preferred Stock, including conversion, dividend, liquidation and voting rights, subject to the provisions of such deposit agreement. Dividends on our Series B Preferred Stock will be payable on a cumulative basis when, as and if declared by our board of directors, or an authorized committee of our board of directors, at an annual rate of 7.00% on the liquidation preference of $1,000 per share. We may pay declared dividends in cash or, subject to certain limitations, in shares of our common stock, par value $0.01 per share, or in any combination of cash and shares of our common stock on March 1, June 1, September 1 and December 1 of each year, commencing on December 1, 2018 and ending on, and including, September 1, 2021.

Full Prospectus PDF », Secondary Prospectus PDF », CNP Page »

Series:B
Alternate symbology:CNP-B, CNP-PB, CNPprB
Redeemable?:Yes
Call Date:9/1/2021 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:17,000,000
Overallotment:2,550,000
Liquidation Preference:$50.00
Original Coupon:7.00%
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
CDx3 Compliance Rating: Learn CNP.PRB's Rating
CenterPoint Energy is a public utility holding company. Co.'s operating subsidiaries own and operate electric transmission, distribution and generation and natural gas distribution facilities, and provide energy performance contracting and sustainable infrastructure services. Co.'s reportable segments are: Electric, which includes Co.'s subsidiary, CenterPoint Energy Houston Electric, LLC, a transmission and distribution electric utility that operates wholly within the state of Texas; and Natural Gas, which engages in regulated intrastate natural gas sales and natural gas transportation and storage for residential, commercial, industrial and transportation customers.

Preferred: CNP.PRB


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Name:  CenterPoint Energy, Inc
Website:  www.centerpointenergy.com
Sector:  Electric Utilities
Number of ETFs Holding CNP:  104 (see which ones)
Total Market Value Held by ETFs:  $3,253,779,463.86
Total Market Capitalization:  $13,676,000,000
% of Market Cap. Held by ETFs:  23.79%

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