Cenovus energy announces redemption of series 7 preferred shares

Calgary, alberta, june 02, 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 3.935% series 7 preferred shares (the “series 7 preferred shares”) on june 30, 2025 (the “redemption”). all 6 million series 7 preferred shares outstanding will be redeemed at the price of $25.00 per share, for an aggregate amount payable to holders of $150 million, less required withholdings, if any, funded primarily from cash on hand.
CVE Ratings Summary
CVE Quant Ranking