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WEC Energy Group Inc | 3.60% Serial Preferred Stock (WELPP)
Prospectus excerpt: Wisconsin Electric Power Co., 3.60% Series, Serial Preferred Stock, par value $100 per share, redeemable any time at the company's option at $101 per share plus accrued and unpaid dividends, and with no stated maturity. Distributions of 3.60% ($3.60) are paid quarterly on 3/1, 6/1, 9/1 & 12/1. 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. Wisconsin Electric Power Co. is a wholly-owned subsidiary of Wisconsin Energy Corp. (NYSE: WEC). , Secondary Prospectus PDF », WEC Page »
| Redeemable?: | Yes | | Call Date: | 5/4/2023 (Now Trading Post Call Date) | | Perpetual?: | Yes | | Cumulative?: | Yes | | Liquidation Preference: | $100.00 | | Original Coupon: | 3.60% | | Pay Period: | Quarterly | | Pay Dates: | 1-Mar, 1-Jun, 1-Sep, 1-Dec | | CDx3 Compliance Rating: |
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WEC Energy Group is a holding company. Through its subsidiaries, Co. provides or invests in regulated natural gas and electricity, and renewable energy, as well as nonregulated renewable energy. Co.'s segments include: Wisconsin, which generates and distributes electric energy and provides retail natural gas distribution service; Illinois, which includes the natural gas utility operations; Electric Transmission, which owns, maintains, monitors, and operates electric transmission systems; and Non-Utility Energy Infrastructure, which owns and leases generating facilities to its Wisconsin Electric Power Company subsidiary and owns underground natural gas storage facilities in Michigan. Preferreds: WELPM, WELPP
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