Dobson calls 12¼%, 13% exchangeable preferred stock

New York, Jan. 25 - Dobson Communications Corp. said it will redeem all its $5 million of 12¼% exchangeable preferred stock and $28 million of 13% exchangeable preferred stock on March 1.

The 12¼% preferreds will be redeemed at $1,219.53 per share, equivalent to the liquidation preference plus accrued dividends up to but excluding the redemption date.

For the 13% preferreds, the price is $1,269.93 per share, calculated as 104.333% of the liquidation preference plus accrued dividends up to but excluding the redemption date.

Dobson is an Oklahoma City-based wireless phone company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.