Cenovus energy announces redemption of series 3 preferred shares

Calgary, alberta, nov. 25, 2024 (globe newswire) -- cenovus energy inc. (“cenovus” or the “company”) (tsx: cve) (nyse: cve) announced today it will exercise its right to redeem the company's 4.689% series 3 preferred shares (the “series 3 preferred shares”) on december 31, 2024 (the “redemption”). all 10 million series 3 preferred shares outstanding will be redeemed at the price of $25.00 per share, for an aggregate amount payable to holders of $250 million, less required withholdings, if any, funded primarily from cash on hand.
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