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Compass Diversified Holdings, 7.875% Series C Cumulative Preferred Shares
Ticker Symbol: CODI-C CUSIP: 20451Q401 Exchange: NYSE
Compass Diversified Holdings was previously treated as a partnership for U.S. federal income tax purposes but elected, effective September 1, 2021, to be taxed as an association taxable as a corporation. Following this tax election, Trust shareholders should generally only be subject to taxation from holding Trust shares in connection with disposition of Trust shares and receipt of taxable dividends from the Trust. Trust shareholders subject to tax rules regarding “unrelated business taxable income” (or “UBTI”) will no longer be allocated UBTI from the Trust.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Compass Diversified Holdings, 7.875% Series C Cumulative Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 1/30/2025 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. 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 dates 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). If a Tax Redemption Event occurs prior to 1/30/2025, the Company may cause the trust to redeem the Preferred Shares at a price of $25.25 per share (see prospectus for further details). If a Fundamental Change occurs the Company will be required to offer to repurchase the Preferred Shares at a purchase price of $25.25 per share, plus accrued 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 Series C Preferred Shares will increase by 5.00% (see prospectus for further information). The trust is treated as a partnership for U.S. federal income tax purposes, and will issue a Schedule K-1 to holders of Series C Preferred Shares (see page S-36, S-16 of the prospectus). 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.
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Go to Parent Company's Record (CODI)
IPO - 11/13/2019 - 4.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: CMPSP Changed: 11/22/2019
Market Value $100.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 301 Riverside Avenue, Second Floor, Westport, CT 06880 |
| Main Phone Number |
203-221-1703 |
| Fax Number |
203-221-8253 |
| Investor Relations
Leon Berman, The IGB Group
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212-477-8438
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Toll Free Phone Number |
Unknown |
| CEO - Elias J. Sabo |
CFO - Ryan J. Faulkingham |
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