Cenovus Energy announces redemption of Series 1 & 2 Preferred Shares

Core Viewpoint - Cenovus Energy Inc. will redeem its 2.577% Series 1 Preferred Shares and 3.948% Series 2 Preferred Shares on March 31, 2026, for a total of $300 million, primarily funded from cash on hand [1]. Group 1: Redemption Details - The redemption price for the Series 1 & 2 Preferred Shares will be $25.00 per share, with all outstanding shares being redeemed [1]. - The final dividends declared are $0.16106 per Series 1 Preferred Share and $0.24337 per Series 2 Preferred Share, payable on March 31, 2026, to shareholders of record as of March 13, 2026 [2]. Group 2: Company Overview - Cenovus Energy Inc. is an integrated energy company involved in oil and natural gas production in Canada and the Asia Pacific region, as well as upgrading, refining, and marketing operations in Canada and the United States [7]. - The company aims to maximize value through safe, responsible, and cost-efficient asset development while integrating sustainability into its business plans [7].