HOUSTON, June 22, 2018 /PRNewswire/ -- CenterPoint Energy,
Inc. (NYSE: CNP) has established July 2,
2018, as an Additional Interest Regular Record Date under
the terms of its 2.0 percent Zero-Premium Exchangeable Subordinated
Notes due 2029 (ZENS). Additional Interest of $26.875 per ZENS note will be paid on
July 17, 2018, to holders of record
of ZENS as of the close of business on the Additional Interest
Regular Record Date.
The payment of Additional Interest reflects cash distributed in
respect of the Reference Shares attributable to one ZENS note in
connection with the AT&T Inc. and Time Warner Inc. merger,
which closed on June 14, 2018. The
Additional Interest of $26.875 per
ZENS note was calculated as the product of 0.50 share of Time
Warner Inc. common stock per ZENS note and the $53.75 per share cash merger consideration paid
to holders of Time Warner Inc. common stock.
After the closing of the AT&T Inc. and Time Warner Inc.
merger, the Reference Shares for each ZENS note consisted of 0.7185
share of AT&T Inc. common stock and 0.061382 share of Charter
Communications, Inc. common stock.
Capitalized terms not otherwise defined in this news release
have the meanings given to such terms in the indenture governing
the ZENS.
CenterPoint Energy, Inc., 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 54 percent of the
common units representing limited partner interests in Enable
Midstream Partners, a publicly traded master limited partnership it
jointly controls with OGE Energy Corp. Enable Midstream Partners
owns, operates and develops natural gas and crude oil
infrastructure assets. With nearly 8,000 employees, CenterPoint
Energy and its predecessor companies have been in business for more
than 150 years. For more information, go to
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. Any statements in this news
release regarding future events, including record and payment
dates, 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
Dec. 31, 2017, CenterPoint Energy's
Form 10-Q for the quarter ended March 31,
2018, and CenterPoint Energy's other filings with the
Securities and Exchange Commission. Each forward-looking statement
contained in this news release speaks only as of the date of the
release.
For more information contact
Media:
Leticia Lowe
Phone 713.207.7702
Investors:
David Mordy
Phone 713.207.6500
View original content with
multimedia:http://www.prnewswire.com/news-releases/centerpoint-energy-to-pay-additional-interest-on-its-2-0-percent-zero-premium-exchangeable-subordinated-notes-due-2029--300670944.html
SOURCE CenterPoint Energy, Inc.