CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079

By: ,

Date Issued   2/6/2019

Shares Issued   25,200,000      Overallotment Shares  None

S&P Rating  BBB-     Moodys Rating   Baa2


Security Ticker Symbol   CMSD

Market Traded ON   NYSE

Interest Payment Paid on the 1st of March, June, September and December beginning on 06/1/2019

Quarterly Interest   .367   Annual Interest  1.468 

Securities may be redeemed, at the issuers option, as early as 3/1/2024 for a redemption price of $25/share plus accrued interest

Interest Payment Will NOT be Qualified Distributions (it is interest-not a dividend)

NOTE–this issue allows issuer to defer interest payments for up to 40 consecutive quarters without it being a default event.

Maturity Date   3/1/2079



Company Investor Relations Page for CMS Energy

Click Here to find the offering prospectus and/or final pricing documents


Related Posts:

Tim McPartland

Connect with Tim McPartland

Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
Search Dividend Investor