Just Energy 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares
By: Tim McPartland,
Date Issued 2/2/2017
Shares Issued 4,000,000 Over Allotment 0
S&P Rating NR Moody Rating NR
Security Ticker Symbol JE-A OTC Grey Market JENGF
Market Traded ON NYSE
Dividend Payment Paid on the last day of March, June, September and December beginning on 3/31/2017
Quarterly Dividend .531 Annual Dividend 2.125
Floating rate starting 3/31/2022 is mid market swap rate plus 6.48% and plus .50%.
Floating rate starting 3/31/2027 is mid market swap rate plus 6.48% and plus 1.0%
Securities may be redeemed, at the issuers option, as early as 3/31/2022 for a redemption price of $25/share plus accrued dividends
Dividend Payment Likely Will be a Qualified Distributions. SPECIAL NOTE–Just Energy is a Canadian Corp and it is believed that distributions may have a 15% tax withheld. Investors should consult their broker.
Maturity Date None
