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Paramount Global | 5.75% Series A Mandatory Convertible Preferred Stock (PARAP)
Prospectus excerpt: ViacomCBS Inc. is offering 10,000,000 shares of its 5.75% Series A Mandatory Convertible Preferred Stock, par value $0.001 per share (the “Mandatory Convertible Preferred Stock”). Dividends on the Mandatory Convertible Preferred Stock will be payable on a cumulative basis when, as and if declared by our board of directors, or an authorized committee of our board of directors, at an annual rate of 5.75% of the liquidation preference of $100.00 per share. We may pay declared dividends in cash or, subject to certain limitations, in shares of our Class B common stock, par value $0.001 per share (the “Class B common stock”), or in any combination of cash and shares of our Class B common stock on January 1, April 1, July 1 and October 1 of each year, commencing on July 1, 2021 and ending on, and including, April 1, 2024. Each share of the Mandatory Convertible Preferred Stock has a liquidation preference of $100.00. Full Prospectus PDF », Secondary Prospectus PDF », PARA Page »
Series: | A | Redeemable?: | Yes | Maturity Date: | 4/1/2024 | Cumulative?: | Yes | Conversion Ratio: | 1.0013 - 1.1765 | Conversion Price: | $85.00 - $99.87 | Shares Offered: | 10,000,000 | Overallotment: | 1,500,000 | Liquidation Preference: | $100.00 | Recent Market Price: | $13.74 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-86.26 (-86.26%) | Annualized Dividend: | 5.75 | Recent Ex-Date: | 3/14/2024 | Current Yield: | 41.85% | Original Coupon: | 5.75% | Pay Period: | Quarterly | Pay Dates: | 1-Jan, 1-Apr, 1-Jul, 1-Oct | CDx3 Compliance Rating: |
Learn PARAP's Rating
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Paramount Global is a media and entertainment company that creates content for audiences worldwide. Co. operates through the following segments: TV Entertainment, which includes CBS Television Network, its domestic broadcast network, CBS Studios and CBS Media Ventures, the segment's television production and syndication operations, and CBS Sports Network, CBS Sports' cable channel; Cable Networks, which includes a portfolio of premium and basic cable networks, including SHOWTIME, BET, Nickelodeon, MTV, Paramount Network and Smithsonian Channel; and Filmed Entertainment, which consists of Paramount Pictures, Paramount Players, Paramount Animation, Paramount Television Studios and Miramax. Preferred: PARAP Open the PARA Information Page »
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Name: |
Paramount Global |
Website: |
www.viacbs.com |
Sector: |
Television & Radio |
Number of ETFs Holding PARA: |
80 (see which ones) |
Total Market Value Held by ETFs: |
$1,305,474,277.48 |
Total Market Capitalization: |
$7,744,000,000 |
% of Market Cap. Held by ETFs: |
16.86% |
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