NiSource Inc.
NiSource Inc. Announces Redemption of Preferred Stock
Summary
NiSource Inc. announced on February 9, 2024, the redemption of all outstanding shares of its 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock and Series B-1 Preferred Stock, and the corresponding depositary shares, on March 15, 2024, at a redemption price of $25.00001 per Depositary Share. Dividends of $406.25 per share of the Series B Preferred Stock for the full regular quarterly dividend period from December 15, 2023, to March 15, 2024, will be paid separately on March 15, 2024. This announcement is incorporated by reference from the news release attached as Exhibit 99.1.
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Exhibits (1)
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About NiSource Inc.
NiSource Inc. is a prominent energy holding company primarily focused on the distribution and transmission of natural gas and electricity. The company operates through regulated utility subsidiaries, offering essential energy services to millions of customers across seven U.S. states, including Indiana, Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania, and Virginia. NiSource engages in two major business segments: Gas Distribution Operations and Electric Operations. The Gas Distribution segment is responsible for the safe delivery of natural gas to residential, commercial, and industrial customers, playing a critical role in heating and powering homes and businesses. The Electric Operations segment involves the generation, transmission, and distribution of electricity, supporting vital infrastructure and fostering regional economic development. NiSource's strategic initiatives emphasize enhancing customer service, ensuring safety, and advancing environmental sustainability. As a key player in the utility industry, NiSource contributes significantly to the energy market, impacting sectors related to energy production, infrastructure, and environmental initiatives. The company's regulated business model aims to provide stable returns while pursuing growth opportunities in expanding its service offerings and improving energy efficiency.
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