Aug. 2, 2021 -- United States Cellular Corporation (NYSE: USM) today announced that it will redeem all of its outstanding 6.95 percent Senior Notes due 2060 (NYSE: UZA). The $342 million aggregate principal amount of outstanding notes will be redeemed September 1, 2021, at a redemption price of 100 percent of the principal amount ($25 face value per unit), together with accrued and unpaid interest to the redemption date. The paying agent is The Bank of New York Mellon.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  United States Cellular Corp., 6.95% Senior Notes due 2060, issued in $25 denominations, redeemable at the issuer's option on or after 5/15/2016 at $25 per share plus accrued and unpaid interest, and maturing 5/15/2060. Interest distributions of 6.95% ($1.7375) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be one business day prior to the payment date while the notes remain in book entry form (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	6.95% $1.74	$25.00 $25.00	Called for 9/01/21 n.a.	Ba1 BB 8/10/2020	3/15, 6/15, 9/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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HOME PAGE:     https://www.uscellular.com/
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Inv Rel Email Address	jane.mccahon@tdsinc.com
General Email Address	corporate@uscellular.com
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Address and Phone Numbers

Address:   8410 West Bryn Mawr Avenue, Suite 700, Chicago, IL 60631
Main Phone Number	773-399-8900
Fax Number	773-399-8936
Investor Relations   Jane McCahon, TDS, Inc.	312-592-5379
Toll Free Phone Number	888-944-9400

CEO - Laurent Therivel

CFO - Douglas W. Chambers