|
|
|
National Grid plc | 3.90% Series Preferred Stock (NMK.PRC)
Prospectus excerpt: Niagara Mohawk Power Corp., 3.90% Series Cumulative Preferred Stock, par value $100 per share, redeemable any time at the company's option at $106.00 per share plus accrued and unpaid dividends, and not subject to mandatory redemption. Distributions of 3.90% ($3.90) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. Niagara Mohawk Power Corp. is a wholly-owned subsidiary of National Grid Transco plc (NYSE: NGG) as of December 2001. , Secondary Prospectus PDF », NGG Page »
Series: | C | Alternate symbology: | NMK-C, NMK-PC, NMKprC | Redeemable?: | Yes | Call Date: | 4/28/2023 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Liquidation Preference: | $100.00 | Original Coupon: | 3.90% | Pay Period: | Quarterly | Pay Dates: | 31-Mar, 30-Jun, 30-Sep, 31-Dec | CDx3 Compliance Rating: |
Learn NMK.PRC's Rating
|
|
National Grid is a holding company. Through its subsidiaries, Co. is an energy utility. Co.'s business units include: U.K. electricity transmission (ET), in which Co. owns and operates the high-voltage ET network in England and Wales; U.K. electricity distribution, in which Co. owns ad operates the electricity distribution networks for the Midlands, the South West and South Wales; U.K. electricity system operator (ESO), in which Co. operates as the ESO across Great Britain; and New England, in which Co. owns and operates electricity transmission facilities and distribution networks across Massachusetts, New Hampshire and Vermont as well as gas distribution networks across Massachusetts. Preferreds: NMK.PRB, NMK.PRC, NEWEN, NMPWP Open the NGG Information Page »
|
|
|
|
|