DTE Energy Announces Redemption of Trust Preferred Securities
DETROIT, Nov. 29, 2011 /PRNewswire/ -- DTE Energy (NYSE: DTE) announced the full redemption of all outstanding $180,000,000 7.80% Trust Originated Preferred Securities issued by its affiliate DTE Energy Trust I due February 1, 2032 (NYSE: DTEPRA) and all outstanding $100,000,000 7.50% Trust Originated Preferred Securities issued by its affiliate DTE Energy Trust II due June 1, 2044 (NYSE: DTEPRC). Both series of Trust Originated Preferred Securities will be redeemed on December 29, 2011, the redemption date. The redemption price is 100% of the unpaid principal amount of the Trust Originated Preferred Securities, together with accrued and unpaid interest up to, but excluding, December 29, 2011. The Trust Originated Preferred Securities will be called for redemption in minimum denominations of $25 and in multiples of $25.
Holders owning Trust Originated Preferred Securities through a broker, bank or other nominee should contact that party for information. For more information, holders of the Trust Originated Preferred Securities may call the paying agent for the redemption, The Bank of New York Mellon, at 1-800-254-2826.
DISCLOSURE NOTICE: Some statements in this release may constitute forward-looking statements. DTE cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. A description of risks and uncertainties can be found in DTE's most recent Annual Report on Form 10-K and in its other public filings and press releases. Except as required by law, DTE does not assume any obligation to update any forward-looking statements contained in this release as a result of new information or future events or developments
SOURCE DTE Energy