AMC Entertainment Holdings Inc (Preferred) (APE): As Adam Aron explained this am on CNBC,...

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AMC Entertainment Holdings Inc (Preferred) (APE)

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Prudent Capitalist

Re: 1vman post# 21

Friday, 08/05/2022 10:19:08 AM

Friday, August 05, 2022 10:19:08 AM

As Adam Aron explained this am on CNBC, this was a work-around due to the fact that they had no additional common shares to sell to raise more cash. This gave them 5 Billion new preferred shares to either sell or give to execs. AMC is putting out around 10% in the APE dividend and will then have around 4.5 Billion additional preferred shares (APE) to sell.

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Recent APE News

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