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    Bill Matthews • MUFG

    Bill Matthews is a Leveraged Finance Credit Desk Analyst at MUFG, specializing in analyzing leveraged credit markets and corporate borrowers. He provides coverage across a variety of companies in the leveraged finance space, advising on credit strategies and risk assessment for institutional clients. Since joining MUFG, Matthews has contributed actionable insights on U.S. macro trends, backed by strong quantitative analysis and collaboration with the firm’s credit strategy team. His career reflects analytical expertise and ongoing professional development, supported by industry-standard credentials in fixed income and securities analysis.

    Bill Matthews's questions to Gray Media Inc (GTN) leadership

    Bill Matthews's questions to Gray Media Inc (GTN) leadership • Q3 2024

    Question

    Bill Matthews of MUFG questioned whether the Board is seriously considering a pause of the common and preferred dividends to accelerate debt reduction, given external pressures and the clear benefits of deleveraging.

    Answer

    Jeff Gignac, EVP & CFO, confirmed the dividend is discussed quarterly. He noted that while the common dividend is about $30 million, the preferred dividend is treated as debt by rating agencies if paid-in-kind, which would work against leverage calculations. He stated the board will continue to evaluate the policy based on the business and leverage profile.

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