Question · Q2 2025
Peter Troisi of Barclays asked about the Board's commitment to paying the preferred stock dividend, given recent price volatility in the secondary market, and whether an M&A process would alter that commitment.
Answer
Executive VP & CFO Edward Spehar declined to comment on M&A rumors but affirmed the company's commitment to its long-term capital structure, which includes preferred stock. He stated there is 'all intent to pay preferred dividends' and referred to the security's prospectus for specific terms and conditions.
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