dividend
confidence high
sentiment neutral
materiality 0.65
Liberty Latin America declares $500M special dividend of 9% Series A Preference Shares
Liberty Latin America Ltd.
- Special dividend of one Series A Preference Share for every 10 common shares held; aggregate liquidation preference ~$500M.
- Series A pays 9% cumulative quarterly dividend; initial liquidation price $25 per share; non-voting except limited circumstances.
- Record date June 1, 2026; distribution date June 16, 2026; expected to trade under ticker LILAP on Nasdaq.
- Distribution intended to be tax-free to US and UK shareholders; Malone, Fries, Nair plan to hold long-term.
- Conditions include Exchange Act registration and Nasdaq listing approval; cash paid in lieu of fractional shares.