Qurate Retail Inc - Com Ser A | 8.0% Series A Cumulative Preferred Stock Due 3/15/2031 (QRTEP)
Prospectus excerpt: Qurate Retail Group, Inc. 8.0% Series A Cumulative Redeemable Preferred Stock, liquidation preference $100 per share, redeemable at the issuer's option on or after 09/18/2025 but before 09/17/2026 at $104 per share plus accrued and unpaid dividends on or after 09/17/2026 but before 09/17/2027 at $102 per share plus accrued and unpaid dividends and after 09/17/2027 at $100 per share plus accrued and unpaid dividends, and maturing 03/15/2031. Cumulative distributions of 8.00% per annum ($8.00 per annum or $2.00 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date fixed by the board prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date).
Qurate Retail is primarily engaged in the video and online commerce industries. Co.'s reportable segments are: QVC U.S. and QVC International, which markets and sells a range of consumer products, primarily by means of its televised shopping programs and via the Internet through its domestic and international websites and mobile applications; HSN, which markets and sells a range of consumer products primarily by means of its televised shopping programs and via the Internet and mobile transactions through its domestic websites; and zulily, which markets and sells a range of consumer products through flash sales events, primarily through its desktop, mobile and app experiences.
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