CommScope Holding Company, Inc. announced on September 25, 2024, that its Board of Directors declared a dividend on shares of Series A Preferred Stock. This dividend was paid in kind, consisting of 16,421 shares of Series A Preferred Stock in aggregate.
Additionally, the dividend included $88.75 in cash in lieu of fractional shares. The company expected to pay this dividend on September 30, 2024.
This action is consistent with the terms of the Series A Preferred Stock, which was initially issued in April 2019 for an aggregate purchase price of $1.0 billion to Carlyle Partners VII S1 Holdings, L.P.
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