PreferredStockChannel
Hawaiian Electric Industries Inc | 5.00% Series I Cumul Preferred Stock (HAWLN)
Prospectus excerpt: Hawaiian Electric Co. Inc., 5.00% Series I Cumulative Preferred Stock, par value $20 per share, and not subject to mandatory redemption. Distributions of 5.00% ($1.00) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15. 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. Hawaiian Electric Co. Inc. is a wholly-owned subsidiary of Hawaiian Electric Industries Inc. (NYSE: HE).
, Secondary Prospectus PDF », HE Page »
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Hawaiian Electric Industries is a holding company with its subsidiaries principally engaged in electric utility, banking, and renewable/sustainable infrastructure investment businesses operating in the State of Hawaii. Co. and its operating utility subsidiaries, Hawaii Electric Light Company, Inc. and Maui Electric Company, Limited are regulated electric public utilities that provide essential electric service to Hawaii's population through the operation of five separate grids that serve communities on the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Co. also owns ASB Hawaii, Inc. and its subsidiary, American Savings Bank, F.S.B., a financial institution in the State of Hawaii. Preferreds: HAWEL, HAWEM, HAWEN, HAWLI, HAWLL, HAWLM, HAWLN, HE.PRU Open the HE Information Page » |
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