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.
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