WESCO to redeem all Series A Preferred Stock on June 22, 2025; expects $30M gain

WESCO INTERNATIONAL INC

Redemption of all 21,611,471 depositary shares (21,611.471 preferred shares) at $25.59765625 per depositary share, including accrued dividends.
Redemption date June 22, 2025; dividends cease after that date and shares no longer outstanding.
Company expects to record a gain of ~$30 million to net income attributable to common stockholders in Q2 2025.
Redemption eliminates the 10.625% fixed-rate perpetual preferred stock, reducing future dividend obligations.
Payment upon surrender of depositary receipts; book-entry holders will be automatically paid.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.