Southern Union calls all 7.55% preferreds for July 30 redemption

By Angela McDaniels

Tacoma, Wash., June 29 - Southern Union Co. will redeem all currently outstanding depositary shares representing interests in its 7.55% non-cumulative preferred stock, series A, on July 30, according to a company news release.

Holders will receive $25.00 per depositary share plus accrued dividends.

The depositary shares closed at $25.01 (NYSE: SUG-PC) on June 29.

The total redemption amount to be paid to all holders is approximately $115 million plus accrued dividends.

Questions can be directed to Wells Fargo Shareowner Services (800 468-9716).

Houston-based Southern Union transports, stores, gathers, processes and distributes natural gas.

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