Vistra Announces Redemption of All Outstanding Series A Preferred Stock

Dividends no longer accrue on the redeemed 8.0% Series A preferred stock.

Rhea-AI Summary

Vistra (VST) announced the redemption of all outstanding Series A preferred stock at a price of $1,000 per share. The redemption covers one million shares with $1.0 billion in aggregate liquidation preference. There were no accrued and unpaid dividends as of the redemption date. The shares ceased to be outstanding and dividends ceased to accrue, with holders retaining only applicable payment rights.

1 point · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 1 point

How the balance works

Positive

• Moderate pointSeries A redemption ends dividend accrual on the 8.0% preferred stock.

Negative

• Moderate pointRedemption payments of $1,000 per share cover one million preferred shares with $1.0 billion aggregate liquidation preference. 2% of market cap

Key Figures

Redemption terms: $1,000 per share; $1.0 billion aggregate liquidation preference Preferred stock rate: 8.0% Accrued unpaid dividends: $0

Redemption terms

$1,000 per share; $1.0 billion aggregate liquidation preference

All 1 million outstanding Series A shares

Preferred stock rate

8.0%

Series A fixed-rate reset preferred stock

Accrued unpaid dividends

$0

As of the redemption date

Historical Context

1 past event · Latest: Sep 10

1 event

1. Sep 10

   Junior notes pricing

   24h Move

   +0.9%

   Priced notes with proceeds intended to fund the Series A preferred redemption.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

rule 144a, regulation s, cusip, liquidation preference

4 terms

rule 144a regulatory

"CUSIP: 92840M AB8 (Rule 144A)"

Rule 144A is a regulation that makes it easier for companies to sell private bonds to large investors without going through all the usual rules that apply to public sales. It matters because it helps companies raise money more quickly and privately, often attracting big investors looking for special deals.

regulation s regulatory

"U92266 AA0 (Regulation S)"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

cusip technical

"CUSIP: 92840M AB8 (Rule 144A)"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

liquidation preference financial

"representing $1.0 billion in aggregate liquidation preference"

A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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IRVING, Texas, Oct. 15, 2026 /PRNewswire/ -- Vistra Corp. (NYSE: VST) today announced its redemption of all outstanding shares of its 8.0% Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, Series A, $0.01 par value per share (the "Series A Preferred Stock") in accordance with the terms and conditions set forth in the governing documents for the Series A Preferred Stock.

All one million shares of the Series A Preferred Stock (CUSIP: 92840M AB8 (Rule 144A) and U92266 AA0 (Regulation S)) are being redeemed at a price of $1,000 per share of preferred stock representing $1.0 billion in aggregate liquidation preference. Vistra had previously declared distributions on the Series A Preferred Shares payable on Oct. 15, 2026, thus there were no accrued and unpaid dividends as of the redemption date.

A formal notice of redemption was delivered to holders of record in accordance with the terms of the Series A Preferred Stock and applicable procedures of Cede & Co., the nominee of DTC. Additional information regarding the redemption, including payment procedures, the treatment of accrued dividends, and any required holder actions, was provided in the official notice of redemption and related materials distributed by Equiniti Trust Company, LLC, as redemption and paying agent.

On and after the redemption date, the Series A Preferred Stock ceased to be outstanding, dividends ceased to accrue on such shares, and all rights of holders were terminated other than the right to receive the applicable redemption price and any accrued and unpaid dividends payable in accordance with the terms of the Series A Preferred Stock.

About Vistra
Vistra (NYSE: VST) is a leading, Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, that provides essential resources to customers, businesses, and communities from California to Maine. Vistra is a leader in transforming the energy landscape, with an unyielding focus on reliability, affordability, and sustainability. The company safely operates a reliable, efficient power generation fleet of natural gas, nuclear, coal, solar, and battery energy storage facilities while taking an innovative, customer-centric approach to its retail business.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vistra-announces-redemption-of-all-outstanding-series-a-preferred-stock-302910429.html

SOURCE Vistra Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is Vistra paying to redeem its Series A preferred stock?

Vistra is redeeming all one million shares at $1,000 per share, representing $1.0 billion in aggregate liquidation preference. There were no accrued and unpaid dividends as of the redemption date.

Where can Vistra Series A preferred shareholders find redemption payment instructions?

Payment procedures and any required holder actions were provided in the official notice of redemption and related materials distributed by Equiniti Trust Company, the redemption and paying agent.