6,000,000 shares of 8.375% Series B Cumulative Preferred Stock.
The new preferred shares will rank equally with any other series of our preferred stock with respect to the payment of dividends and distributions of assets. The new preferred shares will rank senior to our common stock with respect to the payment of dividends and distributions of assets.
Dividends on the new preferred shares will accrue and be cumulative from the most recent date on which dividends have been paid on the old preferred shares at an annual rate of 8.375% or $2.09375 per share. The dividends will be payable quarterly on March 15, June 15, September 15 and December 15 of each year, beginning on March 15, 2003, when and as declared by our board of directors.
If we liquidate, dissolve or wind up, then the holders of the new preferred shares at the time outstanding will be entitled to receive $25 per share, plus an amount equal to accrued and unpaid dividends, before any distribution of assets is made to holders of our common stock or any other class of our stock ranking junior to the new preferred shares.
We may not redeem the new preferred shares prior to March 15, 2013. On or after March 15, 2013, we may redeem the new preferred shares, at our option, in whole or in part, upon not less than 45 nor more than 90 days' notice, at a price of $25 per share, plus an amount equal to accrued and unpaid dividends.
Full Prospectus PDF », Secondary Prospectus PDF », LNT Page »
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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 Open the LNT Information Page » |
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