Great Plains Energy to redeem four series of preferreds on Aug. 10

By Marisa Wong

Morgantown, W.Va., June 24 – Great Plains Energy Inc. issued a notice of redemption on Friday for four series of its cumulative preferred stock.

The company will redeem all outstanding shares of the following series of preferred stock on Aug. 10:

• 3.8% cumulative preferred stock at $103.70 per share, plus accrued and unpaid dividends to the redemption date of $0.75 per share, for a total redemption price of $104.45 per share;

• 4.5% cumulative preferred stock at $101.00 per share, plus accrued and unpaid dividends to the redemption date of $0.89 per share, for a total redemption price of $101.89 per share;

• 4.2% cumulative preferred stock at $102.00 per share, plus accrued and unpaid dividends to the redemption date of $0.83 per share, for a total redemption price of $102.83 per share; and

• 4.35% cumulative preferred stock at $101.00 per share, plus accrued and unpaid dividends to the redemption date of $0.86 per share, for a total redemption price of $101.86 per share.

Computershare Trust Company, NA (800 546-5141) is the redemption agent.

The preferreds were originally issued by Kansas City Power & Light Co. and were converted to shares of Great Plains Energy in 2001.

Great Plains Energy is based in Kansas City, Mo. It is the holding company of Kansas City Power & Light.

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