Hyperscale Data Plans to Issue a $16.25 Million Stated Value Special Dividend of 10% Series E Cumulative Redeemable Perpetual Preferred Stock
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Hyperscale Data plans to issue a $16.25 million special dividend in the form of 10% Series E Cumulative Redeemable Perpetual Preferred Stock to its shareholders.
November 06, 2024 | 11:45 am
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Hyperscale Data is issuing a $16.25 million special dividend in the form of 10% Series E Cumulative Redeemable Perpetual Preferred Stock, which could attract investors seeking income.
The issuance of a special dividend in the form of preferred stock is likely to attract income-focused investors, potentially increasing demand for GPUS shares. The 10% yield on the preferred stock is attractive in the current market environment.
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IMPORTANCE 80
RELEVANCE 100