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Great Plains Energy Inc | 3.80% Cumulative Preferred Stock (GXP.PRA)
This preferred is marked as having been called.
Prospectus excerpt: Great Plains Energy Inc., 3.80% Cumulative Preferred Stock, $100 par value, redeemable anytime at the issuer's option at $103.70 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the date declared by the board. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. , Secondary Prospectus PDF », GXP Page »
Series: | A | Alternate symbology: | GXP-A, GXP-PA, GXPprA | Redeemable?: | Yes | Call Date: | 8/10/2016 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Liquidation Preference: | $100.00 | Original Coupon: | 3.80% | Pay Period: | Quarterly | Pay Dates: | 1-Mar, 1-Jun, 1-Sep, 1-Dec | CDx3 Compliance Rating: |
Learn GXP.PRA's Rating
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Great Plains Energy is a public utility holding company. Co.'s wholly owned direct subsidiaries with operations are as follows: Kansas City Power & Light Co., a regulated electric utility that provides electricity to customers primarily in Missouri and Kansas; and KCP&L Greater Missouri Operations Co., a regulated electric utility that provides electricity to customers in Missouri and regulated steam service to certain customers in St. Joseph, MO. Co. also wholly owns GPE Transmission Holding Company, LLC (GPETHC), which owns 13.5% of Transource Energy, LLC, and focuses on developing electric transmission projects. Preferreds: GXP.PRA, GXP.PRE, GXP.PRD Open the GXP Information Page »
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