Cenovus Energy announces redemption of Series 5 Preferred Shares
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Cenovus Energy announced the redemption of its 4.591% Series 5 Preferred Shares, totaling $200 million, to be completed on March 31, 2025. The redemption will be funded primarily from cash on hand.
February 27, 2025 | 11:15 am
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NEUTRAL IMPACT
Cenovus Energy will redeem its Series 5 Preferred Shares, totaling $200 million, on March 31, 2025. This action is funded primarily from cash on hand.
The redemption of preferred shares is a planned financial action that does not directly impact the common stock price in the short term. It indicates a use of cash reserves but does not suggest any immediate financial distress or growth, hence a neutral impact.
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