Preferred Stock Channel
Alliant Energy Corp | 8.375% Series B Cumulative Preferred Stock (IPL.PRB)

This preferred is marked as having been called.
Prospectus excerpt:  Interstate Power and Light Company.

6,000,000 shares of 8.375% Series B Cumulative Preferred Stock.

The new preferred shares will rank equally with any other series of our preferred stock with respect to the payment of dividends and distributions of assets. The new preferred shares will rank senior to our common stock with respect to the payment of dividends and distributions of assets.

Dividends on the new preferred shares will accrue and be cumulative from the most recent date on which dividends have been paid on the old preferred shares at an annual rate of 8.375% or $2.09375 per share. The dividends will be payable quarterly on March 15, June 15, September 15 and December 15 of each year, beginning on March 15, 2003, when and as declared by our board of directors.

If we liquidate, dissolve or wind up, then the holders of the new preferred shares at the time outstanding will be entitled to receive $25 per share, plus an amount equal to accrued and unpaid dividends, before any distribution of assets is made to holders of our common stock or any other class of our stock ranking junior to the new preferred shares.

We may not redeem the new preferred shares prior to March 15, 2013. On or after March 15, 2013, we may redeem the new preferred shares, at our option, in whole or in part, upon not less than 45 nor more than 90 days' notice, at a price of $25 per share, plus an amount equal to accrued and unpaid dividends.

Full Prospectus PDF », Secondary Prospectus PDF », LNT Page »

Series:B
Alternate symbology:IPL-B, IPL-PB, IPLprB
Redeemable?:Yes
Call Date:3/15/2013 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:6,000,000
Liquidation Preference:$25.00
Original Coupon:8.38%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
CDx3 Compliance Rating: Learn IPL.PRB's Rating
Alliant Energy is a public utility holding company. Through its subsidiaries, Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), Co.'s primary focus is to provide regulated electric and natural gas service in the Midwest. IPL is a public utility engaged in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Iowa. IPL is also engaged in the generation and distribution of steam. WPL is a public utility engaged in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Wisconsin.

Preferreds: WIS.PR, IPL.PRB, IPLDP


Open the LNT Information Page »
Name:  Alliant Energy Corp
Website:  www.alliantenergy.com
Sector:  Electric Utilities
Number of ETFs Holding LNT:  103 (see which ones)
Total Market Value Held by ETFs:  $2,903,268,355.77
Total Market Capitalization:  $11,825,000,000
% of Market Cap. Held by ETFs:  24.55%

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game
Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts

Alliant Energy Corp | 8.375% Series B Cumulative Preferred Stock (IPL.PRB) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com | Copyright © 2011 - 2024, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.