AMC Entertainment shareholders to receive preferred equity units

Chicago, Aug. 12 – AMC Entertainment Holdings, Inc. shareholders will be receiving a special dividend of one equity unit for each share of common stock, according to a press release.

The record date for the dividend is Aug. 15. The dividend is expected to be paid on Aug. 19, with Aug. 22 the ex-dividend date as declared by the NYSE. Shareholders who sell their stock before Aug. 22 will not be eligible for the dividend. Conversely, shareholders who buy stock before the Aug. 22 date will be eligible for it.

The preferred equity units will start to trade on Aug. 22.

The units will be listed on the NYSE under the symbol “APE.”

The one-to-one distribution will mean there will be an aggregate dividend of 516,820,595 preferred equity units.

The preferred equity units represent an interest in one one-hundredth of a share of preferred stock.

The initial conversion rate is one-hundred shares of common stock for each share of preferred stock.

The units have the same economic and voting rights as a share of common stock.

The company expects that the preferred equity units will serve as a “currency” to raise additional equity capital to strengthen its balance sheet, including debt repayments, and provide capital for opportunistic and value-enhancing and transformative acquisitions and/or investments.

The units would convert on the receipt of stockholder approval into common shares.

AMC is a Leawood, Kan.-based theatrical exhibition company.

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