Missouri-based packaged food company Post Holdings Inc. said Jan. 10 that it will redeem all outstanding shares of the company's 2.5% series C preferred stock.
The company will redeem the series C cumulative perpetual convertible preferred stock at $100 per share, plus accrued and unpaid dividends up to the redemption date Feb. 15.
In the same release, the company declared a quarterly dividend of 62.5 cents per share on the series C preferred stock for the dividend period from Nov. 15, 2018, to Feb. 14. The dividend will be paid Feb. 15 to preferred shareholders as of the close of business Feb. 1.
Holders of the preferred stock may convert their shares at any time before 5 p.m. ET on Feb. 14.