SRE · News · 20260807N
Preferred Stock Retirement
SEMPRA · 2026-08-07 · Importance 25 · Surprise 42 · In source text
SoCalGas approved retirement of all outstanding shares of its 6% Preferred Stock and 6% Preferred Stock, Series A. Each preferred security has a $25 par value. The retirement is intended to simplify SoCalGas’s capital structure and deliver immediate value to preferred shareholders.
Key facts
- SoCalGas board approved retirement of all outstanding shares of its 6% Preferred Stock and 6% Preferred Stock, Series A (both $25 par value) (announced Aug 7, 2026). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | committed | — | SoCalGas board approved retirement of all outstanding shares of its 6% Preferred Stock and 6% Preferred Stock, Series A (both $25 par… |
| cash | negative | committed | — | SoCalGas board approved retirement of all outstanding shares of its 6% Preferred Stock and 6% Preferred Stock, Series A (both $25 par… |