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MCArmel1

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MCArmel1

Re: None

Tuesday, 07/29/2014 4:32:29 PM

Tuesday, July 29, 2014 4:32:29 PM

Post# of 9365
Windstream to spin off telecom assets into publicly traded REIT

Jul 29 2014, 08:11 ET | About: Windstream Holdings, Inc. (WIN)

Windstream (NASDAQ:WIN) +5.4% premarket on plans to spin off its fiber and copper networks, as well as other real estate, into a publicly traded REIT.
WIN's board of directors approve the plan following receipt of a favorable private letter ruling from the IRS; WIN says the tax-free separation will enable it to reduce debt by ~$3.2B and free up cash flow to invest in broadband.
The REIT will lease use of the assets to WIN with an initial estimated rent payment of $650M/year.

http://seekingalpha.com/news/1875485-windstream-to-spin-off-telecom-assets-into-publicly-traded-reit?app=1&uprof=45

Wolves.. The original man's Best Friend!

In search of the fabricated IR.."nope, not here either!"

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