Business: Compass Diversified Holdings, 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 4/30/2028 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of 7.875% per annum ($1.96875 per annum or $0.4921875 per quarter) will be paid quarterly on 1/30, 4/30, 7/30, & 10/30 to holders of record on the record date that will be 1/15, 4/15, 7/15 & 10/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). From and including 4/30/2028, holders of the shares will be entitled to receive cumulative cash distributions at a floating rate equal to three-month LIBOR plus a spread of 4.985%. <p> If a Tax Redemption Event occurs before 4/30/2028, the company may cause the trust to redeem the shares at a price of $25.25 plus any accumulated and unpaid distributions (see prospectus for further information). If a Fundamental Change occurs the company is required to provide a redemption notice with respect to all of the outstanding Preferred Shares and to offer to repurchase the Preferred Shares at a purchase price of $25.25 per share, plus any accumulated and unpaid distributions. If a Fundamental Change occurs and the company does not give notice to repurchase or redeem all the outstanding Preferred Shares, the distribution rate per annum on the Preferred Shares will increase by 5.00% (see prospectus for futher information. <p> <s> Holders of the Preferred Units will receive specific tax information from the company, including a Schedule K-1 which generally would be expected to provide a single income item equal to the preferred return.</s> This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.