other material
confidence high
sentiment neutral
materiality 0.30
NiSource to redeem all 20M depositary shares of 6.50% Series B preferred on March 15, 2024
NISOURCE INC.
- All 20,000,000 depositary shares (NI PR B) redeemed at $25.00001 per share on March 15, 2024.
- Redemption covers all outstanding Series B Preferred Stock and Series B-1 Preferred Stock.
- Q1 2024 dividend of $0.40625 per depositary share paid separately on March 15 to holders of record Feb 23.
- Dividends on redeemed shares will cease to accumulate after the redemption date.
- Redemption agent is Computershare Trust Company, N.A.