COMSovereign Announces Series A Preferred Stock Cash Dividend

Rhea-AI Summary

On November 5, 2021, COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) announced a cash dividend of $0.1927 per share for its 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend is payable on November 20, 2021, to shareholders on record as of the dividend record date of October 31, 2021. The company specializes in 4G LTE Advanced and 5G communication systems, focusing on enhancing connectivity through strategic acquisitions and development efforts.

Positive

• Declared a cash dividend of $0.1927 per share for Series A Preferred Stock, reflecting a commitment to return value to shareholders.
• The dividend payment date is set for November 20, 2021, which may boost investor confidence.

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• None.

DALLAS, Nov. 5, 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 November 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, adjusted for the partial month term, on November 20, 2021, to shareholders of record of Series A Preferred Stock as of the dividend record date of October 31, 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.

Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions, and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as "believe," "expects," "may," "looks to," "will," "should," "plan," "intend," "on condition," "target," "see," "potential," "estimates," "preliminary," or "anticipates" or the negative thereof or comparable terminology, or by discussion of strategy or goals or other future events, circumstances, or effects. Moreover, forward-looking statements in this release include, but are not limited to, the impact of the current COVID-19 pandemic, which may limit access to the Company's facilities, customers, management, support staff, and professional advisors, and to develop and deliver advanced voice and data communications systems, demand for the Company's products and services, the availability of parts and components for the manufacture of products, economic conditions in the U.S. and worldwide, and the Company's ability to recruit and retain management, technical, and sales personnel. Further information relating to factors that may impact the Company's results and forward-looking statements are disclosed in the Company's filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Investor Relations for COMSovereign Holding Corp.:

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

External Investor Relations:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
COMS@mzgroup.us
www.mzgroup.us

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 November 2021?

COMSovereign has declared a dividend of $0.1927 per share for November 2021.

When is the dividend for COMSovereign’s Series A Preferred Stock payable?

The dividend is payable on November 20, 2021.

What is the record date for the dividend on COMSovereign’s Series A Preferred Stock?

The record date for the dividend is October 31, 2021.

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

The dividends are declared monthly, as evidenced by the current announcement for November 2021.