other material
confidence high
sentiment neutral
materiality 0.25
CommScope declares PIK dividend of 16,198 Series A Preferred shares payable June 30, 2024
Vistance Networks, Inc.
- Board declared a dividend in kind of 16,198 Series A Preferred shares plus $366.25 cash in lieu of fractional shares.
- Dividend payable June 30, 2024 to holders of record as of June 25, 2024; exempt from registration under Securities Act Section 4(a)(2).
- Carlyle, the holder, represented as accredited investor; shares issued for investment purposes.
- This brings total PIK dividends issued since April 2019 to 194,261 shares on the original 1,000,000 Series A Preferred shares.