GE Ready to Sell $2 Billion in Stock Directly to the Public

The plan requires that investors be previous owners of GE stock or that they buy a minimum of $250 in stock through the plan upon enrollment. Shares purchased through the plan will be held in “book entry” form, and instead of receiving stock certificates, investors will receive statements of the account.

Dividends can be reinvested into the plan at no fee to purchase additional stock, or investors may elect to receive cash dividends. Additional purchases on the plan may be made as often as once a week, ranging from $10 to $10,000 in GE stock per transaction. However, these additional purchases will be charged a fee, as opposed to reinvesting dividends.

Upon electing to sell shares held in the account, there will be a transaction fee of $10, plus an additional $0.15 per share that will be deducted from the proceeds. Ultimately this plan allows investors to buy shares directly from GE and potentially deal with minimal commission charges and fees.

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GE shares closed at $26.41 on Friday, its stock has a consensus analyst price target of $29.00, and it has a 52-week trading range of $23.69 to $28.09.

Again, this is not your traditional filing and it will not create any large trading blocks on the open market as you might see after other traditional secondary offerings or capital raises.

FULL FILING FOR DETAIL