Eversource Energy | 3.90% Series of 1949 Preferred Stock (CNLHN)
Prospectus excerpt: Connecticut Light & Power Co., 3.90% Series of 1949 Preferred Stock, par value $50.00 per share, redeemable anytime at the company's option at $50.50 per share plus accrued and unpaid dividends, and not subject to mandatory redemption. Distributions of 3.90% ($1.95) per annum are paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the 10th of the previous month (NOTE: the ex-dividend date is one business day prior to the record date). 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. Connecticut Light & Power Co. is a wholly-owned subsidiary of Northeast Utilities (NYSE: NU).
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Eversource Energy is a holding company. Through its subsidiaries, Co. is engaged primarily in the energy delivery business. Co.'s segments are: electric distribution, which engages in the distribution of electricity to retail customers in Connecticut, Massachusetts and New Hampshire, and the solar power facilities; electric transmission, which owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England; natural gas distribution, which distributes natural gas in Massachusetts and Connecticut; and water distribution, which provides water services in Connecticut, Massachusetts and New Hampshire. Preferreds: CNLTL, CNLTN, CNLHN, CNLTP, CNPWP, CNLPM, CNPWM, CNLHO, NSARP, CNTHN, NSARO, CNLHP, CNTHO, CNLPL, CNTHP Open the ES Information Page » |
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