WEST DES MOINES, Iowa, May 30, 2025 (GLOBE NEWSWIRE) -- 麻豆传媒 Holding Ltd. (鈥溌槎勾解��) today announced it will redeem all outstanding shares of its 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series C (the 鈥淪eries C Preferred Stock鈥�), and the corresponding depositary shares (CUSIP: 04686J聽309; ISIN: US04686J3095) (the 鈥淒epositary Shares鈥�), each representing a 1/1,000th interest in a share of the Series C Preferred Stock.
The Series C Preferred Stock will be redeemed on the upcoming dividend payment date on June 30, 2025 (the 鈥淩edemption Date鈥�). All 24,000,000 Depositary Shares currently outstanding will be redeemed on the Redemption Date. On and after the Redemption Date, no shares of Series C Preferred Stock or Depositary Shares will remain outstanding.
The Depositary Shares will be redeemed at a redemption price of $25.00 per Depositary Share (equivalent to $25,000 per share of Series C Preferred Stock) (the 鈥淩edemption Price鈥�). The regular quarterly dividend on the Depositary Shares was separately declared and will be paid separately on June 30, 2025 to holders of record on June 15, 2025 for such dividend payment in the customary manner. Accordingly, the Redemption Price does not include any accrued and unpaid dividends. No further dividends will be declared or paid following the Redemption Date.
Simultaneously with the redemption of the Series C Preferred Stock, the outstanding Depositary Shares will be redeemed on the Redemption Date in accordance with the applicable procedures of The Depository Trust Company (鈥淒TC鈥�), for an amount per Depositary Share equal to the Redemption Price. All Depositary Shares are held in book-entry form through DTC. Payment to DTC for the Depositary Shares will be made by Computershare Inc. and Computershare Trust Company, N.A., collectively, as redemption agent. The address for the redemption agent is as follows:
Computershare Trust Company, N.A.
Attn: Corporate Actions
150 Royall St.
Canton, MA 02021
