Just Energy 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares

By: ,

Date Issued  2/2/2017

Shares Issued  4,000,000       Over Allotment   0

S&P Rating   NR        Moody Rating   NR

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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

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Company Investor Relations Page for Just Energy

Click Here for the offering prospectus or pricing document

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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.
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