Dayton Power & Light to redeem three series of preferreds on Oct. 13

By Marisa Wong

Morgantown, W.Va., Sept. 13 – Dayton Power and Light Co. plans to redeem three series of its outstanding preferred stock in full on Oct. 13, according to an 8-K filing with the Securities and Exchange Commission.

The company will redeem all of its issued and outstanding 3.75% series A cumulative preferred stock, 3.75% series B cumulative preferred stock and 3.9% series C cumulative preferred stock.

The redemption price is $102.50 per share for the series A preferreds, $103.00 per share for the series B preferreds and $101.00 per share for the series C stock, plus accrued dividends to the redemption date.

Dayton Power is a Dayton, Ohio-based power company and a wholly owned subsidiary of DPL Inc.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.