NiSource Inc. Announces Redemption of Preferred Stocks

Nisource Inc (NI) has released an update.

NiSource Inc. has announced its plan to fully redeem all outstanding shares of its 6.50% Series B and Series B-1 Preferred Stock, including corresponding depositary shares, on March 15, 2024. This move will affect shares with a liquidation preference of $25,000 and $0.01, respectively, signaling a significant financial decision by the company that could be of interest to investors and market watchers.

For further insights into NI stock, check out TipRanks’ Stock Analysis page.

For a comprehensive understanding of the announcement, you can read the full document here.