Duke Energy Corp. subsidiaries to redeem eight series of preferred stock

CHARLOTTE, N.C., Feb. 6, 2013 /PRNewswire/ -- Duke Energy (NYSE: DUK) today announced that on March 8, the company will redeem all shares of three series of preferred stock issued by its subsidiary Progress Energy Carolinas, Inc. and all shares of five series of preferred stock issued by its subsidiary Progress Energy Florida, Inc., for a total of approximately $96 million.

(Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO )

The issues being redeemed by Progress Energy Carolinas, Inc. are:

  • $5 Preferred Stock, with 236,997 outstanding shares, which will be redeemed for $110.00 per share, plus accrued dividends to the redemption date.
  • Serial Preferred Stock, $5.44 Series, with 249,850 outstanding shares, which will be redeemed for $101.00 per share, plus accrued dividends to the redemption date.
  • Serial Preferred Stock, $4.20 Series, with 100,000 outstanding shares, which will be redeemed for $102.00 per share, plus accrued dividends to the redemption date.

The issues being redeemed by Progress Energy Florida, Inc. are:

  • 4.00 percent Series Preferred Stock, with 39,980 outstanding shares, which will be redeemed for $104.25 per share, plus accrued dividends to the redemption date.
  • 4.75 percent Series Preferred Stock, with 80,000 outstanding shares, which will be redeemed for $102.00 per share, plus accrued dividends to the redemption date.
  • 4.60 percent Series Preferred Stock, with 39,997 outstanding shares, which will be redeemed for $103.25 per share, plus accrued dividends to the redemption date.
  • 4.58 percent Series Preferred Stock, with 99,990 outstanding shares, which will be redeemed for $101.00 per share, plus accrued dividends to the redemption date.
  • 4.40 percent Series Preferred Stock, with 75,000 outstanding shares, which will be redeemed for $102.00 per share, plus accrued dividends to the redemption date.

The previously declared dividend for each series of Progress Energy Florida, Inc. preferred stock will be paid in the normal manner on Feb. 15, 2013, to shareholders of record on Feb. 1, 2013.

Redemption notices for these series were mailed to shareholders on Feb. 6. Duke Energy will serve as the redemption agent for the preferred stock redemption.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at: www.duke-energy.com

MEDIA CONTACT:

Jennifer Zajac

Phone:

980-373-9242

24-Hour:

800-559-3853



ANALYSTS:


Bob Drennan

Bill Currens

704-382-4070

704-382-1603

SOURCE Duke Energy



RELATED LINKS
http://www.duke-energy.com

More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.