COMSovereign Announces Series A Preferred Stock Cash Dividend

Rhea-AI Summary

COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) has announced a cash dividend of $0.1927 per share on its 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend is set to be paid on May 20, 2022, to shareholders of record as of April 29, 2022. The Board of Directors authorized this dividend to enhance shareholder value while highlighting the company's commitment to its investors.

Positive

• Declared a cash dividend of $0.1927 per share on Series A Preferred Stock.
• Dividend payment scheduled for May 20, indicating ongoing shareholder support.

Negative

• None.

DALLAS, April 7, 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 May 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 May 20, 2022, to shareholders of record of the Series A Preferred Stock as of the dividend record date of April 29, 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 dividend amount for COMSovereign's Series A Preferred Stock?

The dividend amount for COMSovereign's Series A Preferred Stock is $0.1927 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on May 20, 2022.

What is the record date for the dividend?

The record date for the dividend is April 29, 2022.

How often does COMSovereign pay dividends on its Series A Preferred Stock?

COMSovereign pays dividends on its Series A Preferred Stock monthly.