Comcast Announces Redemption of NBCUniversal Enterprise’s Series A Cumulative Preferred Stock
March 19 2021 - 9:00AM
Business Wire
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 redemption date, the
Preferred Stock will no longer be deemed outstanding, and no
further dividends will be declared or payable on it.
The Preferred Stock is held through The Depository Trust Company
(DTC) and will be redeemed in accordance with the procedures of
DTC. Payment to DTC will be made by Equiniti Trust Company, NBCUE’s
redemption agent for the Preferred Stock. Questions about the
notice of redemption and related materials should be directed to EQ
Shareowner Services by mail at P.O. Box 64858, St. Paul, MN,
55164-0858, Attention: Corporate Actions; by overnight courier at
1110 Centre Pointe Curve, Suite 101, Mendota Heights, MN,
55120-4100, Attention: Corporate Actions or by telephone at
1-800-205-7699.
This press release does not constitute a notice of redemption
under the certificate of designations governing the Preferred Stock
and is qualified in its entirety by reference to the notice of
redemption issued by NBCUE.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and
technology company that connects people to moments that matter. We
are principally focused on broadband, aggregation, and streaming
with over 56 million customer relationships across the United
States and Europe. We deliver broadband, wireless, and video
through our Xfinity, Comcast Business, and Sky brands; create,
distribute, and stream leading entertainment, sports, and news
through Universal Filmed Entertainment Group, Universal Studio
Group, Sky Studios, the NBC and Telemundo broadcast networks,
multiple cable networks, Peacock, NBCUniversal News Group, NBC
Sports, Sky News, and Sky Sports; and provide memorable experiences
at Universal Parks and Resorts in the United States and Asia. Visit
www.comcastcorporation.com for more information.
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Investor Contacts: Marci Ryvicker (215) 286-4781 Jane
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