April 1, 2016 -- OTC Daily Updates notes: Mandatory Conversion. Holders will recieve 2.80 shares of Emmis Communications Corp. Class A Common Stock for each share of Preferred Stock held effective 4/4/2016.______________6/11/14 -- The company's most recent annual report says: In connection with the September 4, 2012 amendment to the Company’s Articles of Incorporation, all accumulated but undeclared dividends on our Preferred Stock were canceled and the Preferred Stock was changed from cumulative to noncumulative. This amendment is the subject of litigation discussed under Part I, Item 3, “Legal Proceedings. ____________ Dec. 12, 2008 -- Emmis Communications Corporation today announced that it would not declare the January 15, 2009 quarterly dividend on its 6.25% Series A Cumulative Convertible Preferred Stock (Nasdaq: EMMSP). Under the terms of the Preferred Stock, unpaid dividends accrue at the rate of 6.25% per annum, compounded quarterly. Payment of future dividends on the Preferred Stock will be determined by the Company's Board of Directors. ____________ June 17, 2005 -- Emmis Communications Corporation announced today the final results of its "Dutch Auction" tender offer which expired at midnight, New York City time, June 13, 2005. In the tender offer, Emmis offered to purchase for cash up to 20,250,000 shares of its Class A common stock at a price per share not less than $17.25 and not greater than $19.75. Based on the final tabulation by Wachovia Bank, N.A., the depositary for the tender offer, 24,279,086 Class A shares were properly tendered and not withdrawn at prices at or below $19.50 per share. As a result, Emmis will accept for purchase 20,250,000 Class A shares at a purchase price of $19.50 per share, for a total cost of $394,875,000. Because the number of Class A shares tendered at or below the $19.50 price per share exceeded the number of Class A shares that Emmis offered to purchase, the resulting proration factor is 83.42% of the Class A shares tendered, other than 5,512 "odd-lot" Class A shares properly tendered at or below the $19.50 purchase price which will be purchased prior to proration. The depositary will promptly issue payment for the Class A shares validly tendered and accepted under the tender offer and will return all other Class A shares tendered. The Class A shares accepted for purchase represent approximately 38.98% of Emmis' 51,955,872 Class A shares issued and outstanding as of June 13, 2005. As a result of the completion of the tender offer, immediately following payment for the tendered Class A shares, Emmis expects that approximately 31,705,872 Class A shares will be issued and outstanding. In connection with Emmis' previously announced Articles of Amendment to its second amended and restated articles of incorporation, the conversion price of Emmis' issued and outstanding convertible preferred stock will decrease from $39.0625 to $30.10 upon consummation of the tender offer.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Emmis Communications Corp., 6.25% Series A Cumulative Convertible Preferred Stock, liquidation preference $50 per share, redeemable at the issuer's option on or after 10/15/2002 at 103.571% declining to 100% per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 6.25% ($3.125) per annum paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the date fixed by the board, not more than 60 days or less than 10 days prior to the payment date. The preferred shares are convertible any time at the holder's option into 0.6400 common shares of Emmis Communications Corp. (Nasdaq: EMMS), an initial conversion price of $78.125 per common share. See note below for current conversion rate. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions 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	Conv Shrs Conv Price	Distribution Dates	15% Tax Rate
OTOTCn OTOTCps	6.25% $3.125	$50.00 $51.78	Called for 4/04/2016 None?	NR NF 12/17/2015	1.66113 $30.10	Suspended! 1/15, 4/15, 7/15 & 10/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

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HOME PAGE:     http://www.emmis.com/
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Email Address

ir@emmis.com

Address and Phone Numbers

Address:   40 Monument Circle, Suite 700, Indianapolis, IN 46204
Main Phone Number	317-266-0100
Fax Number	317-631-3750
Investor Relations   Kate Snedeker	317-684-6576
Toll Free Phone Number	866-366-4703

CEO - Jeffrey H. Smulyan

CFO - Walter Z. Berger