LIBERTY LATIN AMERICA ANNOUNCES DECLARATION OF SPECIAL DIVIDEND OF SERIES A PREFERENCE SHARES TO COMMON SHAREHOLDERS
Liberty Latin America declared a special dividend of one Series A Preference Share for every ten common shares held, valued at $2.50 per common share. The new preference shares carry a 9.0% cumulative dividend rate and a $25 liquidation price, creating an aggregate issuance of approximately $500 million.
Key figures
- Deal Value Usd
- 500000000
- Dividend rate
- 9.0%
- Dividend ratio
- 1 Series A Preference Share per 10 common shares
- Equivalent cash value per common
- 2.5
- Liquidation price per pref share
- 25
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