Cenovus Energy (TSE:CVE) has released an update.
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Cenovus Energy has announced it will redeem its Series 3 Preferred Shares at $25 per share, totaling $250 million, on December 31, 2024. The redemption will be funded primarily from cash on hand and will include the final dividend payment of $0.29306 per share. This move signifies a strategic financial decision by the company, impacting investors as the year comes to a close.
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