Capital Power to redeem all C$200 million preferred shares on Dec. 31

By Rebecca Melvin

Concord, N.H., Nov. 5 – Capital Power Corp. will redeem its C$200 million outstanding 6% cumulative minimum rate reset preference shares, series 7, on Dec. 31, according to a company release on Friday.

The notes will be redeemed at a price of C$25 per share. The previously announced quarterly dividend of C$0.375 per series 7 share payable on Dec. 31 will be paid on the redemption date separately to shareholders of record as of Dec. 16.

The power producer is headquartered in Edmonton, Alta.

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