Hyperscale Data Announces Twenty-Eight Consecutive Monthly Cash Dividend Payments Timely Paid for Series D Preferred Stock
Hyperscale Data, Inc. (GPUS)
Company Research
Source: GlobeNewswire
LAS VEGAS, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that it has successfully paid twenty-eight consecutive monthly cash dividends for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”). Dividends on the Series D Preferred Stock are cumulative and are payable out of amounts legally available therefor at a rate equal to 13.00% per annum per $25.00 of stated liquidation preference per share, or $0.2708333 per share of Series D Preferred Stock per month. Milton “Todd” Ault III, Founder and Executive Chairman of the Company, stated, “We could not be happier with the Company’s progress and its commitment to the strength of the Series D Preferred Stock dividend. The Company remains committed to the long-term nature of the dividend and will continue to work towards enhancing the Company’s credit profile which should ulti
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