PreferredStockChannel
Telephone & Data Systems Inc | 6.625% Dep Shares Ser UU Cumulative Prfd Stock (TDS.PRU)

Prospectus excerpt:  Each of the 16,000,000 depositary shares offered hereby (the “Depositary Shares”) represents a 1/1,000th interest in a share of 6.625% Series UU Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share, with a $25,000 liquidation preference per share (equivalent to $25.00 per Depositary Share) (the “Series UU Preferred Stock”) of Telephone and Data Systems, Inc., deposited with Computershare Trust Company, as depositary (the “Depositary”). The Depositary Shares are evidenced by depositary receipts. As a holder of Depositary Shares, you will be entitled to a proportional fractional interest in all rights and preferences of the Series UU Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise these rights through the Depositary. Dividends on the Series UU Preferred Stock, when, as and if declared by our board of directors (the “Board”) or any duly authorized committee of the Board, will be payable on the liquidation preference amount, on a cumulative basis, quarterly in arrears on March 31st, June 30th, September 30th and December 31st of each year, commencing on June 30, 2021. Dividends will be payable out of amounts legally available for the payment of dividends at an annual rate equal to 6.625% of the $25,000 liquidation preference per share of Series UU Preferred Stock (equivalent to $25.00 per Depositary Share). Dividends on the Series UU Preferred Stock will accumulate daily and be cumulative from, and including, the date of original issuance of the Series UU Preferred Stock.

Full Prospectus PDF », Secondary Prospectus PDF », TDS Page »

Series:UU
Alternate symbology:TDS-U, TDS-PU, TDSprU
Redeemable?:Yes
Call Date:3/31/2026
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:16,000,000
Overallotment:2,400,000
Liquidation Preference:$25.00
Recent Market Price:$18.42
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-6.58 (-26.32%)
Annualized Dividend:1.65625
Recent Ex-Date:3/14/2024
Current Yield:8.99%
Original Coupon:6.63%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating: Learn TDS.PRU's Rating
Telephone and Data Systems provides communications services to customers with wireless connections and wireline and cable connections. Co. conducts its wireless operations through its majority-owned subsidiary, United States Cellular Corporation (UScellular). Co. provides broadband, video and voice services through its wholly-owned subsidiaries TDS Telecommunications LLC and TDS Broadband LLC (collectively, TDS Telecom). Co. has two business segments: UScellular and TDS Telecom. Co.'s operations also include the operations of its wholly-owned hosted and managed services subsidiary, which operates under the OneNeck IT Solutions brand, and its wholly-owned subsidiary Suttle-Straus, Inc.

Preferreds: TDS.PRU, TDS.PRV


Open the TDS Information Page »
Name: 
Telephone & Data Systems Inc
Website: 
www.tdsinc.com
Sector: 
Communications Services
Number of ETFs Holding TDS: 
57 (see which ones)
Total Market Value Held by ETFs: 
$444,483,696.71
Total Market Capitalization: 
$1,667,000,000
% of Market Cap. Held by ETFs: 
26.66%

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