Evening star., 1961-09-29
Notice of Redemption
POTOMAC ELECTRIC POWER COMPANY
S20 E Street. Northwest. Washington 4, D, c.
3Aee Convertible DebenfUres
due MoY ], 1873

NOTICE is HEREBY GIVEN that pursuant to the
provisions of the Indentue and of the First Supplemental
1ndenure thereto both dated of May 1858 (he I'm
denture of Potomac Electric Power Company (the Com
pany) The Chase Manhattan Bank Trustee the Com
pany has exercised its right redeem and will redeem,
November l5 1861 all of its outstanding 334po Convertible
Debentes due May l, 1878 issued under the Indenture
Accordingly, on November IS, 1861 said Debentures will
become and payable the principal Office of the Trustee
the redemption price of l0503o of their principal amount
together with interest of $146 per $O0 Of such principal
amount accrued from November l. 1861 November IS
1861 Payment of the redemption price Of and interest
the Debenures is to be made after November IS,
1861 the presentation and surrender of such Deben
with all coupons any, appetaining thereto
ing after May l. 1852 From and after November IS,
1861, interest the Debentures will and
coupons for such interest shall be void after the close Of
business said date Debentures and coupons should be
surrendered The Chase Manhattan Bank Corporate
Agency Department. 80 Pine Street, New York 1S N. Y
The right the Debentures into Common Stock
OF the Company will terminate at the close OF business
November IS, 1861.
Coupons due November /, 1861 should be detached and
collected in the usual Interest accrued November
1861 registered Debentures without coupons will be
mailed by check to each registered owner.
Conversion Of DebentUres into Common Stock
In accordance with the provisions of the Indenure any
Debenture or in the of Debenture Of denoina
ton greater than Soo any portion thereof which is 500 or
integral multiple of $780, may be converted the prn-
cipa thereof of such portion into fully paid and
worcestershire shares of Common Stock Of the Company
("Common Stock at the option of the holder thereof
conversion price of SIS per share but only and until
and after the close of business November IS 1861
OF DeDenture It,
any portion Of the principal thereof aforesaid
may do by urrenderng the Company either of the
agencies where the Debenture be presented for
version Corporate Trust Department Chemical Bank New
York Trust Company 80 Broad Street New York l5 NJ "
National Savings and Trust Company 18th Street and
New York Avenue, N. w., Washington S, D. Co. such De-
benture together with in the of Debenture
all unnaured coupons accompanied by written notice in
the form prescribed the 1ndenue that such holder elects
such Debenture less than the entire pr
cpa amount is to be converted the portion thereof be
converted.
Each conversion of Debenture or Of portion of the
principal thereof, shall be deemed have been
date which such written notice shall have been received
by the Company and such Debenture shall have been
rendered aforesaid Holders of Debenure surendering
them for conversion should do after November
1861 in order receive the interest thereon due Nove-
Der l. 1861, and before November IS, 1861 as the
Debentes may be converted after the close of business
November 15 1861. No payment or adjustment will be
made conversion for interest accrued any De-
benture portion thereof surrendered for conversion for
anv dividends on the Common Stock issued upon such
conversion.
From January l. 1861 through September 49, 1861 the
reported prices for the Common Stock of the Company
on the New York Stock Exchange ranged from high of
S4875 low of $3.50 per share On September lo 1861
the last sac reoorted to be at $2s per share At
such last price Debenture holder would receive upon
conversion for each 500 principal of Debentues
four shares Of Common Stock having aggregate market
S26 share, Debenture holder would receive,
upon conversion Of Dehentures, Common Stock havng
greater market vce an e Gosh which such holder would
receive he surrendered his DebentUres for redemption.
An appropriate form of Letter of Transmtta for by
Debentur holders in surrenderng their Debentues for
conversion be obtained from the Company The Chase
Manhattan RanI Chemical Bank New York Trust Com
rany or National Savings and Trust Company the re-
spectve addresses stated above.
POTOMAC ELECTRIC POWER COMPANY
By: R. ROY DUNN President
Dated: September 2e, 1861