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CH Energy Group, Inc. : Central Hudson to Redeem Preferred Stock


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-02-15 21:56:56 -

News Release
                                                               February 15, 2013 
For Release: Immediately Contact: John Maserjian, (845) 471-8323 Central Hudson to Redeem Preferred Stock (POUGHKEEPSIE, N.Y.) Central Hudson Gas & Electric Corporation has called for the redemption of its two outstanding series of preferred stock to occur on March 21, 2013. Registered holders of 4 1/2% Cumulative Preferred Stock (4.50 percent) will receive $107.00 per share, plus accrued and unpaid dividends to the redemption date in the amount of $1.00 per share, for a total redemption price of $108.00 per share. Registered holders of 4.75% Cumulative Preferred Stock (4.75 percent) will receive $106.75 per share, plus accrued and unpaid dividends to the redemption date in the amount of $1.056 per share, for a total redemption price of $107.806 per share. Computershare Trust Company, N.A. will serve as the Redemption Agent and will provide each registered holder with a Letter of Transmittal that includes redemption instructions. For assistance, holders should contact Computershare at 800-546-5141. # # # About Central Hudson Central Hudson Gas & Electric Corporation is a regulated transmission and distribution utility company, serving approximately 300,000 electric and 75,000 natural gas customers in eight counties of New York State's Mid-Hudson River Valley, delivering natural gas and electricity in a 2,600-square-mile service territory that extends north from the suburbs of metropolitan New York City to the Capital District at Albany. Central Hudson is a wholly owned subsidiary of CH Energy Group, Inc., predominantly an energy delivery company headquartered in Poughkeepsie, NY. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: CH Energy Group, Inc. via Thomson Reuters ONE [HUG#1678804]


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