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The Empire District Electric Company Announces Redemption of Trust Preferred Securities

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  Published in Business and Finance on Friday, May 28th 2010 at 7:45 GMT by Market Wire
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JOPLIN, Mo.--([ BUSINESS WIRE ])--The Empire District Electric Company (NYSE: EDE) announced today that Empire District Electric Trust I, a consolidated trust subsidiary, will redeem on June 28, 2010, all 2,000,000 of the outstanding shares of its 8% Trust Preferred Securities due March 1, 2031 at the redemption price of $25.00 per share.

Notice of the redemption will be mailed to all holders of record on May 28, 2010. Dividends accrued to, but not including, June 28, 2010 will be payable on the redemption date.

The redemption will be handled by Wells Fargo Bank, N.A., Corporate Trust Operations, MAC N9303-121, 6th Street & Marquette Avenue, Minneapolis, MN 55479.

Based in Joplin, Missouri, The Empire District Electric Company (NYSE: EDE) is an investor-owned, regulated utility providing electricity, natural gas (through its wholly owned subsidiary The Empire District Gas Company), and water service, with approximately 215,000 customers in Missouri, Kansas, Oklahoma, and Arkansas. A subsidiary of the Company also provides fiber optic services. For more information regarding Empire, visit [ www.empiredistrict.com ].