Posted on

Comcast Announces Redemption of NBCUniversal Enterprise’s Series A Cumulative Preferred Stock



Share

PHILADELPHIA–(BUSINESS WIRE)–Mar. 19, 2021– Comcast Corporation (NASDAQ: CMCSA) announced today that its subsidiary, NBCUniversal Enterprise, Inc. (NBCUE), has elected to exercise its right to redeem on March 26, 2021 all of its outstanding Series A Cumulative Preferred Stock, par value of $0.01 per share (Preferred Stock) for a total redemption payment of $724.7 million. The dividend rate of the Preferred Stock to be redeemed is 5.25%.

NBCUE will redeem all of the 724,700 issued and outstanding shares of Preferred Stock at a redemption price of $1,000.00 per share plus any accrued and unpaid dividends from the last dividend payment date, if any. On and after the …

Read More