Ameren Corp | $4.56 Series Cumul Preferred Stock (UEPEP)
Prospectus excerpt: Union Electric Co., $4.56 Series Cumulative Preferred Stock, stated value $100 per share, redeemable any time at the company's option at $102.47 plus accrued and unpaid dividends, and not subject to mandatory redemption. Distributions of $4.56 (4.56%) per annum are paid quarterly on 2/15, 5/15, 8/15 & 11/15. 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. Union Electric 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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