Centerpoint Energy 7.00% Series B Mandatory Convertible Preferred Stock

Shares are will be converted on 9/1/2021. The initial conversion rate was 1.5291 shares of common stock if the common stock is trading at $32.70 or above. If the common stock is trading below $27.25 the conversion is 1.8349 shares of common. For market prices between $27.25 and $32.70 the conversion will be the converted at the rate of $50 divided by the market price. Because of the mandatory conversion we post the preferred and commons stock charts below.




CNP-B
CNP
NA
09/24/2018
Anytime
09/01/2024
17,000,000
2,550,000
7.00%
$50.00
Yes
Yes
0.875
Last Day
MAR, JUN, SEP, DEC
1
NR
C
NR