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Published on 2/15/2013 in the Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Central Hudson Gas to redeem all 4.5%, 4.75% cumulative preferreds

By Tali David

Minneapolis, Feb. 15 - Central Hudson Gas & Electric Corp., a subsidiary of CH Energy Group, Inc., will redeem all 70,028 outstanding shares of its 4.5% cumulative preferred stock and all 19,998 outstanding shares of its 4.75% cumulative preferred stock on March 21, according to an 8-K filed with the Securities and Exchange Commission.

The 4.5% preferreds will be redeemed at $107 per share plus accrued dividends of $1 per share. The 4.75% preferreds will be redeemed at $106.75 per share plus accrued dividends of $1.056 per share.

The aggregate amount payable is $9,744,735.

The utility is based in Poughkeepsie, N.Y.


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