PSE&G Capital Trust II Announces Redemption of Its 8.125% Cumulative Quarterly Income Preferred Securities, Series B
22 November 2003 - 8:00AM
PR Newswire (US)
PSE&G Capital Trust II Announces Redemption of Its 8.125%
Cumulative Quarterly Income Preferred Securities, Series B NEWARK,
N.J., Nov. 21 /PRNewswire-FirstCall/ -- PSE&G Capital Trust II,
a statutory trust of which Public Service Electric and Gas Company
is sole depositor, announced today (November 21, 2003) that it has
called for redemption of all its outstanding 8.125% Cumulative
Quarterly Income Preferred Securities, Series B (NYSE PEG PrT -
CUSIP# 69361T203), at a price of $25.00 per preferred security. The
redemption will take place on December 31, 2003. The redemption
agent for the issue is Wachovia Bank National Association. The
distribution to be paid on December 31, 2003 will be paid in the
normal manner to holders of record as of December 30, 2003.
DATASOURCE: PSE&G CONTACT: Paul Rosengren of PSE&G,
+1-973-430-5911 Web site: http://www.pseg.com/
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