COMSovereign Announces Series A Preferred Stock Cash Dividend

Rhea-AI Summary

COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) has declared a cash dividend of $0.1927 per share on its 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock for December 2021. This dividend will be payable on December 20, 2021, to shareholders of record as of November 30, 2021. The announcement reflects the company’s commitment to providing income to its investors, aligning with its operational strategy in developing 4G LTE and 5G communication systems.

Positive

• Dividend of $0.1927 per share reinforces shareholder income.
• Demonstrates commitment to returning value to investors.

Negative

• None.

DALLAS, Dec. 8, 2021 /PRNewswire/ -- COMSovereign Holding Corp. (NASDAQ: COMS and COMSP) ("COMSovereign" or the "Company"), a U.S.-based developer of 4G LTE Advanced and 5G communication systems and solutions today announced that its Board of Directors has authorized, and the Company has declared, a dividend on its 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") for the month of December 2021.

In accordance with the terms of the Series A Preferred Stock, the Series A dividend will be payable in cash in the amount of $0.1927 per share on December 20, 2021, to shareholders of record of Series A Preferred Stock as of the dividend record date of November 30, 2021.

For more information about COMSovereign, please visit www.COMSovereign.com and connect with us on Facebook and Twitter.

About COMSovereign Holding Corp.

COMSovereign Holding Corp. (Nasdaq: COMS and COMSP) has assembled a portfolio of communications technology companies that enhance connectivity across the entire network. By combining strategic acquisitions with organic research and development efforts, COMSovereign has built a U.S.-based communications solution provider able to deliver end-to-end 4G LTE Advanced and 5G-NR telecom solutions to network operators, enterprises, and governments. For more information about COMSovereign, please visit www.COMSovereign.com.

Investor Relations for COMSovereign Holding Corp.:

Steve Gersten, Director of Investor Relations
COMSovereign Holding Corp.
813-334-9745
investors@comsovereign.com

and

Media Relations for COMSovereign Holding Corp.:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net

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SOURCE COMSovereign Holding Corp.

FAQ

What is the dividend amount declared by COMSovereign for December 2021?

The declared dividend amount is $0.1927 per share.

When will the COMSovereign dividend be payable?

The dividend will be payable on December 20, 2021.

What is the record date for the December 2021 dividend of COMSovereign?

The record date for the dividend is November 30, 2021.

What type of stock is the dividend declared on by COMSovereign?

The dividend is declared on the 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock.