Entergy Texas OTC Symbol

The temporary OTC grey market ticker for the new Entergy Texas 5.375% preferred has been announced as ETREP.

Investors looking to get some of this can expect somewhat of a ‘food fight’ to snag a few of the measly 1.4 million shares being offered. Decent utility issues have been ‘hot’ this year and likely it will trade strongly tomorrow.

8 thoughts on “Entergy Texas OTC Symbol”

  1. They posted an updated prospectus, with a really vague use of proceeds.

    USE OF PROCEEDS

    We anticipate our net proceeds from the sale of the Series A Preferred Stock will be approximately $33.3 million after deducting underwriting discounts and commissions and estimated offering expenses payable by us. We intend to use the net proceeds we receive from the issuance and sale of the Series A Preferred Stock for general corporate purposes. Pending the application of the net proceeds of the Series A Preferred Stock, we will invest them in short-term, highly liquid, high-rated money market instruments and/or the Entergy System money pool.

    https://www.sec.gov/Archives/edgar/data/1427437/000006598419000277/d752489d424b21.htm

    1. inspbudget–got it out quick just for you–actually JDubs had it first–I just do it so everyone gets the word.

Leave a Reply

Your email address will not be published. Required fields are marked *