Cenovus Energy announces redemption of Series 5 Preferred Shares

Core Points - Cenovus Energy Inc. will redeem its 4.591% Series 5 Preferred Shares on March 31, 2025, for a total of $200 million, funded primarily from cash on hand [1] - The final quarterly dividend of$0.28694 per Series 5 Preferred Share will be paid on March 31, 2025, to shareholders of record as of March 14, 2025 [2] - The company is an integrated energy firm with operations in oil and natural gas production, upgrading, refining, and marketing in Canada and the United States [7]