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Thursday, January 13, 2022

Equity Corporate Actions Alert #2022 - 5
Information Regarding the Spin-Off/Distribution for Exelon Corporation (EXC)

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  • Industry Announcement

Markets Impacted:

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On January 6, 2022, Exelon Corporation (EXC) announced a spin-off of Constellation Energy Corporation. The EX distribution when-issued market of Exelon Corporation Common Stock (EXCVV) and the when-issued market for Constellation Energy Corporation Common Stock (CEGVV) are anticipated to begin trading on Nasdaq on January 19, 2022. The details for the spin-off and when-issued markets are as follows:

Parent Company/Issue: Exelon Corporation Common Stock
CUSIP: 30161N101
Symbol: EXC
Record Date: January 20, 2022
Payment Date: February 1, 2022
EX Date: February 2, 2022
Due Bill Redemption Date: February 3, 2022
Ratio of Spin-Off/ Distribution:
 One share of Constellation Energy Corporation Common Stock for each three (3) shares held.

An EX distribution When-Issued market will be established for Exelon Corporation. Trades in the EX distribution when issued market will not carry due-bills for the spin off/distribution. The details for the EX distribution when-issued market are as follows:

Symbol: EXCVV
CUSIP: 30161N135
First Trade Date: January 19, 2022
Suspension Date: February 2, 2022
Settlement Date: February 4, 2022

A when-issued market will be established for the shares of Constellation Energy Corporation (CEGVV). The symbol will change to CEG on February 2, 20221. The details for the when issued market are as follows:

Symbol: CEGVV
CUSIP: 21037T109
First Trade Date: January 19, 2022
Regular Way Trading Begins: February 2, 2022
Settlement Date: February 4, 2022

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.

If you would like to register as a market maker in EXCVV or CEGVV contact Nasdaq Trading Services at +1 212 231 5100.

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