CEQP- Crestwood Equity Partners LP 9.25% Cumulative Preferred Units

The preferred units are entitled to a cumulative distribution (the “Preferred Distribution”) of $0.2111 per quarter in respect of each preferred unit, subject to certain adjustments. Subject to certain conditions, the holders of the preferred units have the right to convert their preferred units into (i) common units on a 1-for-10 basis or (ii) a number of common units determined pursuant to a conversion ratio set forth in Crestwood Equity’s partnership agreement upon the occurrence of certain events, such as a change in control. The preferred units have voting rights that are identical to the voting rights of the common units and will vote with the common units as a single class, with each preferred unit entitled to one vote for each common unit into which such preferred unit is convertible, except that the preferred units are entitled to vote as a separate class on any matter on which all unitholders are entitled to vote that adversely affects the rights, powers, privileges or preferences of the preferred units in relation to Crestwood Equity’s other securities outstanding.   This security was issued by Crestwood Equity Partners LP, whose common stock symbol is CEQP.

$9.05
As of 07/08/2022     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Convertible
GICS sector:  Energy
Industry:  Oil & Gas Midstream
Index country:  USA
Country of incorporation:  USA
IPO date:  07/10/2019
Outstanding shares:  71,257,445
Average volume:  307,689
Market cap:   $644,879,877
Current dividend yield:  9.33%    calculation
Coupon rate:    9.250%
Cumulative:    Yes
Liquidation value:   $9.13
Callable after:   01/01/1900
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BD6VLS2