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Share Name | Share Symbol | Market | Type |
---|---|---|---|
AT&T Inc | NYSE:T | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.16 | 0.97% | 16.74 | 16.88 | 16.39 | 16.49 | 37,808,219 | 00:51:38 |
As described on the earnings call on January 29, 2020, AT&T (NYSE: T) (“AT&T”) continues to add preferred equity to its capital structure, providing investors another alternative to invest in AT&T. AT&T announced today the issuance of €2,000,000,000 aggregate liquidation preference of its Fixed Rate Reset Perpetual Preferred Securities, Series B (20,000 shares, €100,000 liquidation preference per Preferred Security). AT&T also announced the issuance of $1,750,000,000 aggregate liquidation preference of its 4.750% Perpetual Preferred Stock, Series C (70,000,000 depositary shares, with a liquidation preference equivalent to $25.00 per depositary share). Proceeds from the issuances will be used for general corporate purposes.
This press release is neither an offer to sell, nor a solicitation of an offer to buy, preferred securities or any other securities, and shall not constitute an offer to sell, or a solicitation of an offer to buy, or a sale of, preferred securities, or any other securities, in any jurisdiction in which such offer, solicitation or sale is unlawful. The offering was made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.
CAUTIONARY LANGUAGE CONCERNING FORWARD-LOOKING STATEMENTS
Information set forth in this news release contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission and the prospectus and preliminary prospectus supplement related to the Offering. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200218006021/en/
Name: McCall Butler AT&T Corporate and Financial Communications Phone: 470-773-5704 Email: mb8191@att.com
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