News Release
February 15, 2013
For Release: Immediately
Contact: John Maserjian, (845) 471-8323

Central Hudson to Redeem Preferred Stock

(POUGHKEEPSIE, N.Y.) Central Hudson Gas & Electric Corporation has called for the redemption of its two outstanding series of preferred stock to occur on March 21, 2013.
Registered holders of 4 1/2% Cumulative Preferred Stock (4.50 percent) will receive $107.00 per share, plus accrued and unpaid dividends to the redemption date in the amount of $1.00 per share, for a total redemption price of $108.00 per share. Registered holders of 4.75% Cumulative Preferred Stock (4.75 percent) will receive $106.75 per share, plus accrued and unpaid dividends to the redemption date in the amount of $1.056 per share, for a total redemption price of $107.806 per share.
Computershare Trust Company, N.A. will serve as the Redemption Agent and will provide each registered holder with a Letter of Transmittal that includes redemption instructions. For assistance, holders should contact Computershare at 800-546-5141.
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About Central Hudson

Central Hudson Gas & Electric Corporation is a regulated transmission and distribution utility company, serving approximately 300,000 electric and 75,000 natural gas customers in eight counties of New York State's Mid-Hudson River Valley, delivering natural gas and electricity in a 2,600-square-mile service territory that extends north from the suburbs of metropolitan New York City to the Capital District at Albany. Central Hudson is a wholly owned subsidiary of CH Energy Group, Inc., predominantly an energy delivery company headquartered in Poughkeepsie, NY.

 




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Source: CH Energy Group, Inc. via Thomson Reuters ONE
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