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SoCalGas Board of Directors Approves Retirement of All Outstanding Shares of Preferred Stock

  • SoCalGas board approved retirement of all 6% Preferred Stock & 6% Series A Preferred Stock shares to simplify capital structure.
  • Shareholders approved the Restated Charter at a special meeting on Aug. 6, 2026.
  • Restated Charter will be filed with California Secretary of State on Aug. 17, 2026, designated as the Retirement Date.
  • Each retired share will receive a cash payment of $31.135616, consisting of $31.00 base price plus accrued unpaid dividends.
  • Payments are distributed on Aug. 17, 2026, to holders of record on that date.
  • No Preferred Stock or Series A shares will remain outstanding following the Retirement.
  • SoCalGas will voluntarily withdraw both stock series from OTCQB trading after market close on Aug. 13, 2026.