Utility | Innovative Income Investor

Via Renewables 8.75% Series A Fixed-to-Floating Cumulative Redeemable Perpetual Preferred Stock

Name changed to Via Renewables (from Spark Energy) as of 8/10/2021 with resultant ticker changes

Issue has been reopened as of 1/24/2018 with an additional 2 million shares offered plus 250,000 shares for overallotment.

On and after April 15, 2022 (the “Floating Rate Period”), dividends on the Series A Preferred Stock shall accrue at an annual rate equal to the sum of (a) Three-Month LIBOR (as defined below) as calculated on each applicable Date of Determination (as defined below) and (b) 6.578%, based on the $25.00 liquidation preference per share of Series A Preferred Stock (the “Floating Dividend Rate”).

The company has reopened this issue and there are now 3.6 million shares outstanding

7/1/2023 Now trading with 3 month SOFR plus .2616% Replacing LIBOR

DTE Energy Company Series E 5.25% Junior Subordinated Debentures due 2077

So long as no event of default has occurred and is continuing, we may defer interest payments on one or more occasions for up to 40 consecutive quarterly periods, as described in this prospectus supplement. Any deferred interest payments will bear additional interest at the rate of 5.25% per year, to the extent legally permitted. The junior subordinated debentures will mature on December 1, 2077.

Sector: Utility

Via Renewables 8.75% Series A Fixed-to-Floating Cumulative Redeemable Perpetual Preferred Stock

DTE Energy Company Series E 5.25% Junior Subordinated Debentures due 2077

Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1, 2077

SCE Trust V, 5.45% Fixed-to-Floating Rate Trust Preference Securities

SCE Trust IV, 5.375% Fixed to Floating Rate Trust Preference Securities

SCE Trust III, 5.75% Fixed to Floating Rate Trust Preference Securities

SCE Trust II, 5.10% Trust Preference Securities

SCE Trust I, 5.625% Trust Preference Securities

HECO Capital Trust III, 6.50% QUIPS Series 2004 Preferred Securities

FPL Group Capital Trust I, 5 7/8% Preferred Trust Securities