Crown Castle Inc | 6.875% Mandatory Convertible Preferred Stock, Series A (CCI.PRA)
Prospectus excerpt: We are offering 1,500,000 shares of our 6.875% Mandatory Convertible Preferred Stock, Series A, par value $0.01 per share (ÙMandatory Convertible Preferred Stockˆ). Dividends on the Mandatory Convertible Preferred Stock will be payable on a cumulative basis when, as and if declared by our board of directors at an annual rate of 6.875% on the liquidation preference of $1,000.00 per share. We may pay declared dividends in cash or, subject to certain limitations, in shares of our common stock, par value $0.01 per share, or by delivery of any combination of cash and shares of our common stock on February 1, May 1, August 1 and November 1 of each year, commencing on November 1, 2017, and to, and including, August 1, 2020.
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Crown Castle is a real estate investment trust. Co. owns, operates and leases shared communications infrastructure that is geographically dispersed throughout the U.S., including the towers and other structures, such as rooftops (collectively, towers), and the route miles of fiber primarily supporting small cell networks (small cells) and fiber solutions. Co. refers to its towers, fiber and small cells assets collectively as communications infrastructure. Co.'s primary business is providing access, including space or capacity, to its shared communications infrastructure via long-term contracts in various forms, including lease, license, sublease and service agreements. Preferred: CCI.PRA Open the CCI Information Page » |
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