Comcast NBCUniversal unit to redeem series A preferred stock

By Taylor Fox

New York, March 19 – Comcast Corp.’s subsidiary NBCUniversal Enterprise, Inc. plans to redeem all of its 724,700 outstanding shares of its 5.25% series A cumulative preferred stock, according to a news release.

The notes will be redeemed on March 26 at $1,000 per share for a total redemption payment of $724.7 million.

Comcast is a Philadelphia-based telephone, television and internet service provider.

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