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. This dividend will be payable on March 20, 2022, to shareholders of record as of February 28, 2022. This move reflects the company's commitment to providing returns to its investors while continuing to develop advanced 4G LTE and 5G communication systems.

Positive

• Declaring a cash dividend of $0.1927 per share demonstrates financial health and commitment to shareholders.
• Dividend payable on March 20, 2022, enhances shareholder value.

Negative

• None.

DALLAS, Feb. 3, 2022 /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 March 2022.

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 March 20, 2022, to shareholders of record of the Series A Preferred Stock as of the dividend record date of February 28, 2022.

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 cash dividend amount declared by COMSovereign?

COMSovereign declared a cash dividend of $0.1927 per share on its Series A Preferred Stock.

When will the dividend be paid to shareholders of COMSovereign?

The dividend will be payable on March 20, 2022.

What is the record date for COMSovereign's dividend?

The record date for the dividend is February 28, 2022.

What type of stock is the dividend associated with for COMSovereign?

The dividend is associated with the 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock.