CMP Group tenders for four series of Central Maine Power preferreds

By Jennifer Chiou

New York, Jan. 28 - Central Maine Power Co. announced that the owner of all of its common stock, CMP Group, Inc., has launched a tender offer for all of the preferred stock of Central Maine Power:

• 6% preferred stock with a purchase price of $100;

• 4.6% dividend series with a purchase price of $93;

• 4.75% dividend series with a purchase price of $93; and

• 5.25% dividend series with a purchase price of $93.

The offer ends at 5 p.m. ET on March 3.

Holders will also receive accrued dividends up to the settlement date.

The offer is conditioned upon, among other things, tenders from holders of a majority of the preferreds, exclusive of the 533 shares of preferreds already owned by CMP Group.

Questions may be directed to BNY Mellon Shareowner Services (866 275-9502).

CMP Group is a wholly owned subsidiary of Iberdrola USA, Inc. The electric company is based in Augusta, Maine.

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