Chicken Soup For The Soul Entertainment Inc | 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock (CSSEP)
Prospectus excerpt: Dividends on the Series A Preferred Stock offered hereby are cumulative from the first day of the calendar month in which they are issued and will be payable on the fifteenth day of each calendar month, when, as and if declared by our board of directors. Dividends will be payable out of amounts legally available therefor at a rate equal to 9.75% per annum per $25.00 of stated liquidation preference per share, or $2.4375 per share of Series A Preferred Stock per year.
About Chicken Soup For The Soul Entertainment Inc (CSSE)
Chicken Soup for the Soul Entertainment is an advertising-supported video-on-demand (AVOD) company, with three AVOD streaming services: Redbox, Crackle and Chicken Soup for the Soul. Co. operates Redbox Free Live TV, a free ad-supported streaming television service with various channels as well as a transactional video-on-demand service. Screen Media Ventures, LLC, a subsidiary of Co., manages one of its owned television and film libraries consisting of various films and television episodes. Chicken Soup for the Soul Television Group houses Co.'s film and television production activities and produces or co-produces content for Crackle Plus as well as content for other third-party networks.
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