Spire Reduces Preferred Stock and Debt as Capital Plan Evolves

Spire Inc. is redeeming its 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock and delisting it from the New York Stock Exchange. This shift in capital structure affects current preferred holders and represents a meaningful change in Spire's financing strategy. For common shareholders, the redemption offers a 23.0% return over the past year and a 65.3% return over the past five years.