HOUSTON, July 6, 2015 /PRNewswire/ -- CenterPoint
Energy, Inc. (NYSE: CNP) has established July 10, 2015 and July 14,
2015 as Additional Interest Regular Record Dates under the
terms of its 2.0 percent Zero-Premium Exchangeable Subordinated
Notes due 2029 (ZENS). Additional Interest of $1.4520600 per ZENS note will be paid on
July 24, 2015 to holders of record as
of the close of business on July 10,
2015, and Additional Interest of $0.8206900 per ZENS note will be paid on
July 28, 2015 to holders of record as
of the close of business on July 14,
2015.
The July 24, 2015 payment of
Additional Interest reflects cash distributed in respect of the
Reference Shares attributable to one ZENS note in connection with
the consummation of Verizon Communications Inc.'s (NYSE, Nasdaq:
VZ) tender offer for the outstanding shares of AOL Inc. The
Additional Interest of $1.4520600 per
ZENS note was calculated as the product of 0.045455 share of AOL
per ZENS note, the $50 per share
tender offer price and the 63.89 percent of outstanding AOL shares
that participated in the tender offer.
The July 28, 2015 payment of
Additional Interest reflects cash distributed in respect of the
Reference Shares attributable to one ZENS note in connection with
Verizon's acquisition of AOL shares remaining after consummation of
its tender offer. The Additional Interest of $0.8206900 per ZENS note was calculated as the
product of 0.045455 share of AOL per ZENS note, the $50 per share merger consideration price and the
36.11 percent of outstanding AOL shares that did not participate in
Verizon's tender offer.
Capitalized terms not otherwise defined in this press release
have the meanings given to such terms in the indenture governing
the ZENS.
CenterPoint Energy, headquartered in Houston, Texas, is a domestic energy delivery
company that includes electric transmission & distribution,
natural gas distribution and energy services operations. The
company serves more than five million metered customers primarily
in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent
limited partner interest in Enable Midstream Partners, a publicly
traded master limited partnership it jointly controls with OGE
Energy Corp., which owns, operates and develops natural gas and
crude oil infrastructure assets. With more than 7,400 employees,
CenterPoint Energy and its predecessor companies have been in
business for more than 140 years. For more information, visit the
website at www.CenterPointEnergy.com.
This news release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based upon assumptions of
management which are believed to be reasonable at the time made and
are subject to significant risks and uncertainties. Actual events
and results may differ materially from those expressed or implied
by these forward-looking statements. The statements in this news
release regarding future events and other statements that are not
historical facts are forward-looking statements that involve risks
and uncertainties including market conditions and other factors
discussed in CenterPoint Energy's Form 10-K for the fiscal year
ended December 31, 2014, CenterPoint
Energy's Form 10-Q for the quarter ended March 31, 2015, and CenterPoint Energy's other
filings with the Securities and Exchange Commission.
For more information contact
Media:
Leticia
Lowe
Phone
713.207.7702
Investors:
David Mordy
Phone 713.207.6500
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SOURCE CenterPoint Energy, Inc.