Ameren Corp | 4.00% Series Cumul Preferred Stock (AILLP)
Prospectus excerpt: Ameren Illinois Co., formerly Central Illinois Public Service Co., 4.00% Series Cumulative Preferred Stock, par value $100 per share, redeemable any time at the company's option at $101.00 per share plus accrued and unpaid dividends, and not subject to mandatory redemption. Distributions of 4.00% ($4.00) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. Central Illinois Public Service Co. is a wholly-owned subsidiary of Ameren Corp. (NYSE: AEE).
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Ameren is a public utility holding company. Through its subsidiary, Union Electric Company, Co. operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas distribution business. Through its subsidiary, Ameren Illinois Company, Co. operates rate-regulated electric transmission, electric distribution, and natural gas distribution businesses. Through its subsidiary, Ameren Transmission Company of Illinois, Co. operates a Federal Energy Regulatory Commission rate-regulated electric transmission business. Co. also has other subsidiaries that conduct other activities, such as providing shared services. Preferreds: UEPEO, UELMO, UEPCN, UEPCO, UEPCP, UEPEN, AILLP, UEPEM, AILIH, AILIO, AILIM, AILLM, AILIN, AILIP, UEPEP, AILLI, AILLN, AILLO Open the AEE Information Page » |
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