EXHIBIT 4(F)
FORM OF CAPITAL SECURITY CERTIFICATE
This Capital Security is a Global Capital Security within the meaning of
the Trust Agreement hereinafter referred to and is registered in the name of The
Depository Trust Company (the "DEPOSITORY") or a nominee of the Depository. This
Capital Security is exchangeable for Capital Securities registered in the name
of a person other than the Depository or its nominee only in the limited
circumstances described in the Trust Agreement and no transfer of this Capital
Security (other than a transfer of this Capital Security as a whole by the
Depository to a nominee of the Depository or by a nominee of the Depository to
the Depository or another nominee of the Depository) may be registered except in
limited circumstances.
Unless this Capital Security is presented by an authorized representative
of The Depository Trust Company ("DTC"), a New York corporation (55 Water
Street, New York), to DPL Capital Trust II or its agent for registration of
transfer, exchange or payment, and any Capital Security issued is registered in
the name of Cede & Co. or such other name as is requested by an authorized
representative of DTC (and any payment hereon is made to Cede & Co. or to such
other entity as is requested by an authorized representative of DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS
WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest
herein.
CERTIFICATE NUMBER R-1 CUSIP NO.
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ISIN NO.
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FORM OF CERTIFICATE EVIDENCING CAPITAL SECURITIES
OF
DPL CAPITAL TRUST II
8 1/8% CAPITAL SECURITIES
(LIQUIDATION AMOUNT $1,000 PER CAPITAL SECURITY)
DPL Capital Trust II, a statutory business trust created under the laws of
the State of Delaware (the "TRUST"), hereby certifies that Cede & Co. (the
"HOLDER") is the registered owner of the number of Capital Securities of the
Trust specified in Schedule I hereto representing an undivided beneficial
interest in the assets of the Trust and designated the DPL Capital Trust II 8
1/8% Capital Securities (Liquidation Amount $1,000 per Capital Security) (the
"CAPITAL SECURITIES"). The Capital Securities are transferable on the books and
records of the Trust, in person or by a duly authorized attorney, upon surrender
of this certificate duly endorsed and in proper form for transfer as provided in
Section 5.4 of the Trust Agreement (as defined below). The designations, rights,
privileges, restrictions, preferences and other terms and provisions of the
Capital Securities are set forth in, and this certificate and the Capital
Securities represented hereby are issued and shall in all respects be subject to
the terms and provisions of, the Amended and Restated Trust Agreement of the
Trust dated as of August 31, 2001, as the same may be amended from time to time
(the "TRUST AGREEMENT"), including the designation of the terms of Capital
Securities as set forth therein. The Holder is entitled to the benefits of the
Capital Securities Guarantee Agreement entered into by DPL Inc., an Ohio
corporation, and The Bank of New York, as guarantee trustee, dated as of August
31, 2001 (the "GUARANTEE"), to the extent provided therein. The Trust will
furnish a copy of the Trust Agreement and the Guarantee to the Holder without
charge upon written request to the Trust at its principal place of business or
registered office.
Upon receipt of this certificate, the Holder is bound by the Trust
Agreement and is entitled to the benefits thereunder.
By its acceptance of this certificate representing Capital Securities or a
beneficial interest in such Capital Securities, the owner of, and any person
that acquires a beneficial interest in, such Capital Securities, agrees to treat
the Debentures described in the Trust Agreement as indebtedness and the Capital
Securities as evidence of indirect beneficial ownership in such indebtedness for
tax purposes.
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In Witness Whereof, one of the Administrative Trustees of the Trust has
executed this certificate as of this ___ day of __________, 2002.
DPL CAPITAL TRUST II
By:
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Name:
Administrative Trustee
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SCHEDULE I
GLOBAL SECURITY
The initial number of Capital Securities evidenced by this Global Capital
Security is 300,000.
CHANGES TO NUMBER OF CAPITAL SECURITIES EVIDENCED BY 144A GLOBAL SECURITY
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Number of Capital
Securities by which this
Global Capital Security is to
be Reduced or Increased, Remaining Capital
and Reason for Reduction Securities Represented by
Date or Increase this Global Capital Security Notation Made by
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