ST. LOUIS, Nov. 14 /PRNewswire-FirstCall/ -- The boards of directors of two utility operating subsidiaries of Ameren Corporation (Ameren) (NYSE: AEE) today announced they are taking steps to voluntarily delist a total of five series of preferred stock from the New York Stock Exchange (NYSE).
This action is due to the small number of shareholders and small volumes traded and allows Central Illinois Light Company (AmerenCILCO) and Union Electric Company (AmerenUE) to reduce administrative costs associated with continuing to list the preferred stock.
The preferred shares to be delisted are as follows: Company Series Symbol CUSIP Central Illinois 4.50% CER PR 153645205 Light Company Union Electric $3.50 UEP PRA 906548201 Company Union Electric $4.00 UEP PRC 906548409 Company Union Electric $4.50 UEP PRD 906548508 Company Union Electric $4.56 UEP PRE 906548607 Company
Each series of the preferred stock will continue to remain an outstanding obligation and the dividends payable thereon will not be affected by the delisting, but the preferred stock will no longer be traded on the NYSE, and no alternate listing arrangements are being made for the preferred stock. AmerenCILCO and AmerenUE currently anticipate that the last day of trading of the preferred stock referenced above on the NYSE will be approximately December 5, 2007.
AmerenCILCO also anticipates that, following delisting, it will file a Form 15 with the Securities and Exchange Commission (SEC) to deregister the 4.50% Series preferred stock pursuant to the Securities Exchange Act of 1934. Following the deregistration of the 4.50% Series preferred stock, AmerenCILCO will no longer file proxy or information statements with respect to the preferred stock with the SEC and will not deliver proxy or information statements to the shareholders of the preferred stock.
AmerenCILCO and AmerenUE will continue to file periodic reports with the Securities and Exchange Commission on Form 10-K, 10-Q and 8-K after the delisting of all five series of preferred stock and the deregistration of AmerenCILCO's 4.50% Series preferred stock.
With assets of $20 billion, Ameren serves 2.4 million electric customers and one million natural gas customers in a 64,000-square-mile area of Missouri and Illinois.
SOURCE: Ameren Corporation
CONTACT: Investors: Bruce Steinke, +1-314-554-2574; Media: Tim Fox,
+1-314-554-3120, both of Ameren Corporation
Web site: http://www.ameren.com/