PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sun, October 6, 5:27 AM
| This Slide: #543 of 625 |
Slide #543. Interstate Power and Light Company — Preferred Stock Offering
Company:
Interstate Power and Light Company (NASDAQ:LNT)
Shares Offered:
8,000,000
Date of Pricing:
3/14/2013
Price Per Share:
$25
Preferred Stock Offering Details:
Interstate Power and Light Company (IPL), a wholly-owned subsidiary of Alliant Energy Corporation (NYSE:LNT), announced today the pricing of an underwritten public offering of 8.0 million shares of newly issued 5.1% Series D Cumulative Perpetual Preferred Stock ("Preferred Stock") at a price of $25.00 per share, resulting in gross proceeds of $200 million
Alliant Energy is a public utility holding company. Through its subsidiaries, Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), Co.'s primary focus is to provide regulated electric and natural gas service in the Midwest. IPL is a public utility engaged in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Iowa. IPL is also engaged in the generation and distribution of steam. WPL is a public utility engaged in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Wisconsin.
Preferreds: WIS.PR, IPL.PRB, IPLDP
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Avg. Broker Rec.
  
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Buy (2.83 out of 4) 26th percentile
(ranked lower than approx. 74% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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