NRG calls all remaining 4% convertible preferreds for redemption

By Angela McDaniels

Tacoma, Wash., Dec. 22 - NRG Energy, Inc. will redeem all 163,101 of the outstanding shares of its 4% convertible preferred stock on Jan. 21, according to a company news release.

The redemption price will be $1,000 per preferred.

The preferreds will remain convertible through 4 p.m. ET on Jan. 20.

The conversion price is $20.00 per share of common stock. NRG stock closed at $25.43 (NYSE: NRG) on Dec. 21.

As previously reported, NRG said on Nov. 20 that it would redeem 210,000, or approximately 50%, of the preferreds on Dec. 21.

Mellon Investor Services LLC (800 877-3674) is the redemption agent.

NRG is a Princeton, N.J.-based power generation company.

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