Via Renewables, Inc. announced the redemption of 287,294 shares of its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock.
The redemption price is $25.00 per share in cash, plus accumulated and unpaid dividends.
All shares are issued in book-entry form through The Depository Trust Company with redemption completion via DTC's procedures.
Redemption Details
287,294 shares of Series A Preferred Stock to be redeemed at $25.00 per share with accumulated dividends.
DTC Procedure
Redemption to be completed through The Depository Trust Company's procedures for book-entry shares.
Payment Process
Equiniti Trust Company will handle payment to DTC for the redeemed shares.
- The redemption reflects Via Renewables' financial strategy in managing preferred stock.
- Payment completion through DTC streamlines the redemption process for shareholders.
The redemption of Series A Preferred Stock demonstrates Via Renewables' commitment to optimizing its capital structure and providing value to shareholders.