Southern California Gas Company retires all preferred stock, pays $31.14 per share

Southern California Gas Company (SoCalGas) announced that its board of directors approved the retirement of all outstanding 6% Preferred Stock and 6% Preferred Stock Series A, each with a $25 par value. Shareholders will receive a cash payment of $31.135616 per share, which includes accrued but unpaid dividends up to the retirement date.

The retirement becomes effective on August 17, 2026, when the company files an amended Restated Charter with the California Secretary of State. After that date the preferred shares will be cancelled, and the securities (SOCGM and SOCGP) will be withdrawn from OTCQB trading after market close on August 13, 2026, completing the simplification of SoCalGas’s capital structure.