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Exelon's PECO Announces Redemption of Preferred Stock

Exelon's PECO Announces Redemption of Preferred Stock

PHILADELPHIA – PECO Energy Company (PECO) today announced that it issued a notice of redemption for all of the following series of preferred stock:


Series                               CUSIP No.Redemption Price Per Share
$3.80  Series A (NYSE: PEPRA)   693304206 $106.00
$4.30  Series B (NYSE: PEPRB)693304305$102.00
$4.40  Series C (NYSE: PEPRC)   693304404 $112.50
$4.68  Series D (NYSE: PEPRD)693304503 $104.00

The redemption date for each of the above series of preferred stock will be May 1, 2013.

The redemption price per share of each series of preferred stock shown above equals the stated value per share plus a premium, if applicable, plus accrued and unpaid dividends to, but excluding, the redemption date, less the previously announced quarterly dividend that will be paid separately on May 1, 2013, to shareholders of record as of the close of business on March 28, 2013.  No dividends on the preferred stock being redeemed will accrue on or after the redemption date, nor will any interest accrue on amounts held to pay the redemption price. 

Questions relating to, and requests for copies of the notice of, this redemption should be directed to the Wells Fargo Bank, N.A. at 1-800-468-9716.




 

 

 

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