Summary
This 8-K filing from American Electric Power Company, Inc. (AEP) announces a significant operational change: the voluntary delisting of its common stock and two series of its Corporate Units from the New York Stock Exchange (NYSE). This move is set to take effect after the market close on September 30, 2020, with the intention to transfer these securities to The NASDAQ Stock Market LLC (NASDAQ) for trading, effective October 1, 2020. Investors should note that AEP's common stock and corporate units will retain their existing stock symbols ('AEP', 'AEP PR B', and 'AEP PR C') on NASDAQ. This transition is a strategic decision by AEP, aiming to potentially leverage the NASDAQ market's infrastructure or investor base. While the underlying company and its financial performance remain unchanged, this listing transfer may influence trading dynamics and visibility.
Key Highlights
- 1AEP is voluntarily delisting its common stock and two series of Corporate Units from the NYSE.
- 2The delisting from the NYSE is effective after market close on September 30, 2020.
- 3AEP intends to transfer its listing to The NASDAQ Stock Market LLC (NASDAQ).
- 4The transfer to NASDAQ will be effective at the opening of trading on October 1, 2020.
- 5AEP's common stock will continue to trade under the symbol 'AEP' on NASDAQ.
- 6The Corporate Units ('AEP PR B' and 'AEP PR C') will also continue to trade under their existing symbols on NASDAQ.
- 7The filing includes a press release dated September 15, 2020, detailing the transfer.