Via Renewables, Inc. announced today that it will redeem 319,216 shares of its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock. The redemption price is $25.00 per share in cash, which matches the liquidation preference.
Shareholders will also receive $0.23497 per share of accumulated and unpaid dividends up to the redemption date of August 15, 2025. This redemption provides a clear return of capital to participating preferred shareholders.
This substantial redemption further reduces the company's outstanding preferred share count and its ongoing dividend obligations. It underscores Via Renewables' strategic focus on strengthening its balance sheet and disciplined capital allocation.
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