Jul 26, 2000
Minnesota Power redeems 5% preferred stock
Minnesota Power redeems 5% preferred stock
Minnesota Power redeems 5% preferred stock
Minnesota Power, Inc. has called for redemption of all 113,358
outstanding shares of its 5% Preferred Stock at $102.50 per share plus
accrued and unpaid dividends of 75 cents per share. The redemption
date is August 24, 2000.
Minnesota Power is redeeming this last series of preferred stock in order to gain greater financial flexibility.
The redemption agent is Wells Fargo Bank Minnesota, N.A. of S. St. Paul, Minnesota.