Preferred Stock Channel
American Electric Power Co Inc | 8.75% Junior Subordinated Debentures (AEP.PRA)

This preferred is marked as having been called.
Prospectus excerpt:  This is an offering of $275,000,000 of 8.75% Junior Subordinated Debentures to be issued by American Electric Power Company, Inc., a New York corporation. We will pay interest on the debentures at a rate of 8.75% per annum on March 1, June 1, September 1, and December 1 of each year unless payment is deferred as described below. The first such payment will be made on June 1, 2008. The debentures will be issued in registered form and in denominations of $25 and integral multiples thereof. The debentures will mature on March 1, 2063, subject to extensions to no later than March 1, 2068, as described in this prospectus supplement.

We may defer interest payments on the debentures on one or more occasions for up to 10 consecutive years as described in this prospectus supplement. Deferred interest payments will accrue additional interest at a rate equal to the interest rate on the debentures, compounded on each interest payment date, to the extent permitted by law.

We may redeem the debentures at our option at the times and the prices described in this prospectus supplement.

Full Prospectus PDF », Secondary Prospectus PDF », AEP Page »

Alternate symbology:AEP-A, AEP-PA, AEPprA
Redeemable?:Yes
Call Date:3/1/2013 (Now Trading Post Call Date)
Maturity Date:3/1/2068
Cumulative?:Yes
Shares Offered:11,000,000
Overallotment:1,650,000
Liquidation Preference:$25.00
Original Coupon:8.75%
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
CDx3 Compliance Rating: Learn AEP.PRA's Rating
American Electric Power Company is a public utility holding company. The public utility subsidiaries of Co. provide electric service, consisting of generation, transmission and distribution, on an integrated basis to their retail customers. The service areas of Co.'s public utility subsidiaries cover portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. Transmission networks are interconnected with distribution facilities in the territories served. Co.'s service company subsidiary provides accounting, administrative, information systems, engineering, financial, legal, maintenance and other services.

Preferreds: AEP.PRA, AEPPL


Open the AEP Information Page »
Name:  American Electric Power Co Inc
Website:  www.aep.com
Sector:  Electric Utilities
Number of ETFs Holding AEP:  110 (see which ones)
Total Market Value Held by ETFs:  $7,561,214,449.4
Total Market Capitalization:  $43,400,000,000
% of Market Cap. Held by ETFs:  17.42%

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