Vistra redeems all outstanding preferred shares for $1 billion
VST•Vistra announced the redemption of all 1 million outstanding Series A preferred shares at $1,000 each, representing $1 billion in aggregate liquidation preference. Previously declared distributions were payable on the redemption date, and dividends ceased to accrue upon redemption.
1. Preferred share redemption
Vistra announced the redemption of all outstanding 8% Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, Series A. The 1 million shares are being redeemed at $1,000 each, for an aggregate liquidation preference of $1 billion. Previously declared distributions were payable on the redemption date, leaving no accrued and unpaid dividends; dividends ceased to accrue upon redemption.
