Liberty Latin America Ltd. Form 8-K: Declaration of Special Dividend
Liberty Latin America Ltd. announced on May 21, 2026, that its Board of Directors has declared a special dividend. This dividend consists of one newly issued share of 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preference Shares for every ten common shares held as of the record date. The Series A Preference Shares have a par value of US$0.01 per share. Dividends on these preference shares accrue daily at a rate of 9.0% per annum and are payable quarterly, commencing September 15, 2026. In case of insufficient funds, dividends are cumulative. The company outlines terms for redemption, liquidation distributions, and voting rights associated with these preference shares. Holders of Series A Preference Shares have specific rights, including potential voting power and the ability to elect directors under certain conditions, such as dividend non-payment for six consecutive quarterly periods. The issuance of these preference shares is detailed in the accompanying "Preference Share Designation" document.