United Water officials announced today that the company plans to redeem the shares of United Water New Jersey Cumulative Preferred Stock on January 31, 2011.
United Water New Jersey will redeem all 30,000 of its 4.50% Cumulative Preferred Stock shares and all 60,000 of its 4.55% Cumulative Preferred Stock shares. These redemptions will be at par plus a .5% redemption premium.
Redemption
|
Series
|
CUSIP
Number
|
Par Value
|
Price Per Share
|
Accrued Dividend Per Share
|
Shares Outstanding
|
|
4.50%
|
91319A20
|
$100.00
|
$100.50
|
$ 0.38
|
30,000
|
|
4.55%
|
40459430
|
$100.00
|
$100.50
|
$ 0.38
|
60,000
|
The redemption paying agent is:
BNY Mellon Shareowner Services
Mellon Investor Services LLC,
480 Washington Boulevard, 27th Floor
Jersey City, NJ 07310
Telephone: 800-777-3674
About United Water
United Water New Jersey is a subsidiary of United Water. United Water is one of the nation’s leading environmental companies, providing water and wastewater services to approximately 7 million people in the United States. In addition to owning and operating 20 water utilities, the company operates more than 220 municipal and industrial water and wastewater systems through innovative public-private partnerships and contract agreements. United Water’s affiliate, Utility Service Company, is the nation’s leading provider of long-term asset management contracts for water storage facilities with municipal and industrial clients. Founded in 1869, United Water is a subsidiary of SUEZ ENVIRONNEMENT.
About SUEZ ENVIRONNEMENT
Natural resources are not infinite. Each day, SUEZ ENVIRONNEMENT (Paris: SEV, Brussels: SEVB) and its subsidiaries deal with the challenge to protect resources by providing innovative solutions to industries and to millions of people. SUEZ ENVIRONNEMENT supplies drinking water to 90 million people, provides wastewater treatment services for 58 million people and collects the waste produced by 46 million people. SUEZ ENVIRONNEMENT has 78,700 employees and, with its presence on a global scale, is the world’s leader exclusively dedicated to environmental services. SUEZ ENVIRONNEMENT, a 35.4% GDF SUEZ affiliate, reported sales turnover of 12.3 billion Euros ($17.1 billion USD) at the end of financial year 2009.