SPIRE INC 8-K
Research Summary
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Spire Inc. Announces Redemption of Series A Preferred Stock
What Happened
Spire Inc. announced on January 29, 2026 that it will redeem all 10,000 outstanding shares of its Series A Cumulative Redeemable Perpetual Preferred Stock and the corresponding depositary shares. The anticipated redemption date is February 13, 2026. Depositary shares (each representing a 1/1000th interest in a Series A share) will be redeemed at $25.00 per depositary share plus $0.36056 per depositary share of accumulated and unpaid dividends through, but not including, the Redemption Date. The Series A shares will cease to accrue dividends immediately prior to redemption and will be delisted from the New York Stock Exchange upon redemption.
Key Details
- Total Series A shares outstanding: 10,000.
- Depositary share redemption price: $25.00 per depositary share, plus $0.36056 in accumulated unpaid dividends (totaling $25.36056 per depositary share).
- Equivalent per Series A share: $25,000 liquidation preference plus $360.56 in accumulated unpaid dividends (per full Series A share represented by 1,000 depositary shares).
- Redemption date: February 13, 2026; Series A shares will cease accruing dividends immediately before that date and will be delisted after redemption.
Why It Matters
Holders of the Series A preferred or the related depositary shares will receive the stated cash redemption amount and will no longer hold those securities or receive future dividends after the redemption. For investors, this removes the Series A preferred from Spire’s capital structure and ends the company’s obligation to pay future dividends on these shares; it also removes a trading security from the NYSE. The filing provides the exact cash amounts and the redemption timeline so affected holders know what to expect and when.