#United States #St. Louis #Preferred Stock #Spire Inc. #NYSE SR

Spire Inc. Plans Redemption of 5.90% Preferred Stock

On February 2, 2026, Spire Inc. (NYSE: SR) announced significant updates regarding the redemption of its 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock. This decision comes as part of the company's broader approach to managing shareholder investments and maintaining its financial strategy. An official notice was sent out to the holders of Series A Preferred Stock about the redemption process that will occur soon, effective February 13, 2026.

Redemption Details

The company intends to redeem a total of 10,000 outstanding shares of its Series A Preferred Stock, with a par value of $25.00 each and a corresponding liquidation preference of $25,000 per share. Attached to each preferred share are Depositary Shares, each of which represents a 1/1000th fractional interest in one share of the Series A Preferred Stock.

Shareholders can look forward to receiving the redemption price, which comprises two components. The first is the Base Redemption Amount of $25.00 per Depositary Share along with any accrued dividends up until but not including the Redemption Date. This unified amount is referred to as the Redemption Price.

Dividend Payments

Prior to the redemption, Spire Inc. has declared a quarterly dividend of $0.36875 per Depositary Share. This dividend will be payable on February 17, 2026, to those who held the Series A Preferred Stock as of January 26, 2026. This structured timeline ensures that eligible shareholders receive the declared dividend on the impending payment date.

Further, the company specifies that once the Redemption Price has been paid out, it will no longer have obligations related to dividends or any other amounts linked to the redeemed shares, streamlining its capital structure.

Investor Guidance

Holders interested in more details regarding the redemption—such as obtaining copies of the notice and additional documents—are advised to reach out to Computershare Trust Company, N.A., the appointed agent overseeing these transactions. Their office is conveniently located at 150 Royall St., Suite 101, Canton, MA 02021.

Investors who possess Depositary Shares through their banks or brokers should inquire with them regarding the redemption price and related financial steps.

About Spire Inc.

Spire Inc. is a leading natural gas company serving approximately 1.7 million homes and businesses across Alabama, Mississippi, and Missouri. The company is dedicated to enhancing lives through reliable energy solutions, which is central to its mission. Besides core utility services, Spire's portfolio includes operations in marketing and midstream gas activities. With a commitment to organic growth and infrastructure development, Spire aims to foster continuous improvement in its operations. For more information, visit SpireEnergy.com.

Conclusion

This planned redemption indicates Spire Inc.'s commitment to its shareholders and its strategic financial management. Stakeholders are encouraged to prepare accordingly as the redemption date approaches, ensuring they do not miss out on the financial benefits associated with their preferred shares.