American Tower Corporation (NYSE: AMT) announced that its board of
directors has declared a cash distribution of $1.3125 per share on
shares of its 5.25% Mandatory Convertible Preferred Stock, Series A.
Additionally, the board of directors has declared a cash distribution of
$11.1528 per share of its 5.50% Mandatory Convertible Preferred Stock,
Series B, equivalent to $1.11528 per depositary share, each representing
a 1/10th interest in a share of such stock. Each cash distribution is
payable on May 15, 2015 to stockholders of record at the close of
business on May 1, 2015.
About American Tower
American Tower, one of the largest global REITs, is a leading
independent owner, operator and developer of multitenant communications
real estate with a portfolio of over 87,000 communications sites. For
more information about American Tower, please visit www.americantower.com.
Cautionary Language Regarding Forward-Looking Statements
This press release contains “forward-looking statements” concerning the
Company’s goals, beliefs, expectations, strategies, objectives, plans,
future operating results and underlying assumptions and other statements
that are not necessarily based on historical facts. Actual results may
differ materially from those indicated in the Company’s forward-looking
statements as a result of various factors, including those factors set
forth in Item 1A of its Form 10-K for the year ended December 31, 2014
under the caption “Risk Factors.” The Company undertakes no obligation
to update the information contained in this press release to reflect
subsequently occurring events or circumstances.
Copyright Business Wire 2015