dividend
confidence high
sentiment neutral
materiality 0.20
CommScope declares quarterly PIK dividend on Series A Preferred Stock
Vistance Networks, Inc.
- Board declared dividend of 16,421 shares of Series A Preferred Stock plus $88.75 cash in lieu of fractional shares.
- Dividend payable on September 30, 2024, to holders of record as of the declaration date.
- Exempt from registration under Section 4(a)(2) of Securities Act; issued to accredited investor Carlyle.
- Total Series A PIK dividends now 194,682 shares since issuance in April 2019 (including Q1 and Q2 2024 dividends of 15,978 and 16,198 shares).