Via Renewables, Inc. announced the redemption of 232,708 shares of its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock.
The redemption price is set at $25.00 per share in cash, plus accumulated dividends.
The redemption date is scheduled for February 17, 2026.
Redemption Details
232,708 shares of Series A Preferred Stock to be redeemed at $25.00 per share plus accumulated dividends.
DTC Procedures
Redemption process to be completed according to DTC's procedures for book-entry shares.
Notice to Shareholders
Notice of Partial Redemption to be given today to holders of Series A Preferred Stock.
- The redemption will impact the financial structure of Via Renewables, enhancing liquidity by reducing outstanding preferred stock.
- Shareholders will receive the Redemption Price, providing a return on their investment.
The redemption of preferred stock by Via Renewables signifies a strategic financial decision aimed at optimizing the capital structure and enhancing shareholder value.