Cenovus energy announces redemption of series 5 preferred shares

Calgary, alberta, feb. 27, 2025 (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 4.591% series 5 preferred shares (the “series 5 preferred shares”) on march 31, 2025 (the “redemption”). all 8 million series 5 preferred shares outstanding will be redeemed at the price of $25.00 per share, for an aggregate amount payable to holders of $200 million, less required withholdings, if any, funded primarily from cash on hand.
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