Comcast announces redemption of nbcuniversal enterprise's series a cumulative preferred stock

Philadelphia--(business wire)--comcast corporation (nasdaq: cmcsa) announced today that its subsidiary, nbcuniversal enterprise, inc. (nbcue), has elected to exercise its right to redeem on march 26, 2021 all of its outstanding series a cumulative preferred stock, par value of $0.01 per share (preferred stock) for a total redemption payment of $724.7 million. the dividend rate of the preferred stock to be redeemed is 5.25%. nbcue will redeem all of the 724,700 issued and outstanding shares of p
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