PreferredStockChannel
Crown Castle International Corp (New) | 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 (“Mandatory Convertible Preferred Stock”). 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.

Full Prospectus PDF », CCI Page »

Series:A
Alternate symbology:CCI-A, CCI-PA, CCIprA
Redeemable?:Yes
Call Date:8/1/2020
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:1,500,000
Overallotment:150000
Liquidation Preference:$25
Recent Market Price:$1191.02
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$1166.02 (4664.08%)
Annualized Dividend:68.75
Recent Ex-Date:10/11/2019
Current Yield:5.78%
Original Coupon:6.88%
Pay Period:Quarterly
Pay Dates:1-Feb, 1-May, 1-Aug, 1-Nov
Crown Castle International is a holding company. Through its subsidiaries, Co. owns, operates and leases shared communications infrastructure that is geographically dispersed throughout the U.S., including towers and other structures, such as rooftops (collectively, towers), and fiber primarily supporting small cell networks (small cells) and fiber solutions. Co.'s towers, fiber and small cells assets are collectively referred to herein as communications infrastructure. Co.'s core 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 »
Name: 
Crown Castle International Corp (New)
Website: 
www.crowncastle.com
Sector: 
REITs
Number of ETFs Holding CCI: 
95 (see which ones)
Total Market Value Held by ETFs: 
$7,444,825,706.25
Total Market Capitalization: 
$54,844,000,000
% of Market Cap. Held by ETFs: 
13.57%

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