PreferredStockChannel
CenterPoint Energy, Inc | 7.00% Series B Mandatory Convertible Preferred Stock (CNP.PRB)

This preferred is marked as having been called.
Prospectus excerpt:  We are offering 17,000,000 depositary shares, each of which represents a 1/20th interest in a share of our 7.00% Series B Mandatory Convertible Preferred Stock, $0.01 par value per share, which we refer to in this prospectus supplement as our Series B Preferred Stock. The shares of our Series B Preferred Stock will be deposited with Broadridge Corporate Issuer Solutions, Inc., as depositary, pursuant to a deposit agreement. Holders of our depositary shares will be entitled to a proportional fractional interest in the rights and preferences of our Series B Preferred Stock, including conversion, dividend, liquidation and voting rights, subject to the provisions of such deposit agreement. Dividends on our Series B Preferred Stock will be payable on a cumulative basis when, as and if declared by our board of directors, or an authorized committee of our board of directors, at an annual rate of 7.00% on the liquidation preference of $1,000 per share. We may pay declared dividends in cash or, subject to certain limitations, in shares of our common stock, par value $0.01 per share, or in any combination of cash and shares of our common stock on March 1, June 1, September 1 and December 1 of each year, commencing on December 1, 2018 and ending on, and including, September 1, 2021.

Full Prospectus PDF », CNP Page »

Series:B
Alternate symbology:CNP-B, CNP-PB, CNPprB
Redeemable?:Yes
Call Date:9/1/2021 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:17,000,000
Overallotment:2,550,000
Liquidation Preference:$50
Original Coupon:7.00%
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
CDx3 Compliance Rating: Learn CNP.PRB's Rating
CenterPoint Energy is a holding company and owns interests in Enable Midstream Partners, LP (Enable). Through its subsidiaries, Co. operates in the following segments: Electric, whereby Co.'s subsisiary, CenterPoint Energy Houston Electric, LLC, is a transmission and distribution electric utility that operates wholly within the state of Texas; Natural Gas, which engages in regulated intrastate natural gas sales and natural gas transportation and storage for residential, commercial, industrial and transportation customers; and Midstream Investments, whereby Enable's assets and operations are organized into two reportable segments: gathering and processing and transportation and storage.

Preferred: CNP.PRB


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Name: 
CenterPoint Energy, Inc
Website: 
www.centerpointenergy.com
Sector: 
Electric Utilities
Number of ETFs Holding CNP: 
96 (see which ones)
Total Market Value Held by ETFs: 
$2,194,242,542.12
Total Market Capitalization: 
$13,355,000,000
% of Market Cap. Held by ETFs: 
16.43%

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