TECO Energy Declares Pro-Rated Dividend
23 6월 2016 - 4:32AM
Business Wire
In preparation for the expected closing of the merger of TECO
Energy, Inc. (NYSE: TE) with Emera US Inc., a wholly owned
indirect subsidiary of Emera Incorporated (TSX: EMA), in
accordance with the agreement and plan of merger among TECO Energy,
Emera US Inc. and Emera Incorporated, the board of directors of
TECO Energy today declared a special pro-rated dividend at the
current rate until the closing of the merger. The New Mexico Public
Regulation Commission voted unanimously to approve the merger at
its meeting on June 22, 2016. TECO Energy and Emera are awaiting
the filing of the NMPRC’s written order. That filing will complete
the final required regulatory approval and accordingly, all
conditions precedent to completing the merger will have been
fulfilled other than the customary closing conditions. Closing is
expected to occur on or about July 1, 2016.
The board of directors declared a dividend of $0.002527 per
share per day that will accrue from May 16, 2016 (the prior TECO
Energy dividend record date), until and including the day prior to
the effective day of the merger or until the next regularly
scheduled record date of Aug. 15, 2016, whichever occurs first.
This dividend is the daily equivalent of the current quarterly
dividend rate of $0.23 per share. In the event the merger closes on
or before Aug. 15, 2016, the dividend will be paid as soon as
practicable following completion of the merger to shareholders of
record as of the close of business on the last trading day prior to
the closing of the merger. In the event the closing has not
occurred on or before Aug. 15, 2016, the dividend will be paid on
the normal quarterly payment date of Aug. 26, 2016, to holders of
record as of the close of business on Aug. 15, 2016.
TECO Energy Inc. (NYSE: TE) is an energy-related holding company
with regulated electric and gas utilities in Florida and New
Mexico. Tampa Electric serves nearly 725,000 customers in West
Central Florida; Peoples Gas System serves nearly 365,000
customers across Florida; and New Mexico Gas Co. serves more
than 515,000 customers across New Mexico.
Note: This press release contains forward-looking statements
related to the pending merger of TECO Energy with Emera US Inc.,
which are subject to the inherent uncertainties in predicting
future results and conditions. Actual results may differ materially
from those forecasted. The forecasted results are based on the
company's current expectations and assumptions, and the company
does not undertake to update that information or any other
information contained in this press release, except as may be
required by law. Factors that could impact actual results include:
the ability to successfully close the merger on the anticipated
schedule, if at all. Additional information is contained under
"Risk Factors" in TECO Energy, Inc.'s Annual Report on Form 10-K
for the period ended Dec. 31, 2015.
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version on businesswire.com: http://www.businesswire.com/news/home/20160622006356/en/
TECO Energy, Inc.News Media:Cherie Jacobs,
813-228-4945orInvestor Relations:Mark Kane,
813-228-1772Internet: http://www.tecoenergy.com
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