Cemtrex to pay 10% annual PIK dividend on Series 1 Preferred Stock

CEMTREX INC

Board resolved to pay dividend on Series 1 Preferred Stock in additional shares rather than cash.
Dividend rate: 10% per annum on $10.00 Preference Amount per share, payable semiannually.
Shares to be issued on April 5, 2024 to holders of record as of March 29, 2024.
Dividend will be paid in additional shares of Series 1 Preferred Stock (ticker CETXP).

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