dividend
confidence high
sentiment neutral
materiality 0.25
CommScope declares PIK dividend of ~15,978 Series A Preferred shares to Carlyle
Vistance Networks, Inc.
- Board declared dividend-in-kind of 15,978 Series A Preferred shares plus $668.75 cash for fractional shares, payable March 31, 2024.
- Dividend exempt from registration under Securities Act Section 4(a)(2); issued to accredited investor Carlyle.
- Series A Preferred originally issued April 2019 for $1B; total PIK shares issued to date 162,085.
- No cash dividend; shares added to outstanding preferred stock count.