AMC Entertainment Holdings Inc (AMC)

[keepdreaming132]

https://www.businesswire.com/news/home/20220804005449/en/AMC-Entertainment-Holdings-Inc.-Announces-Special-Dividend-of-AMC-Preferred-Equity-Units" rel="nofollow" target="_blank" >https://www.businesswire.com/news/home/20220804005449/en/AMC-Entertainment-Holdings-Inc.-Announces-Special-Dividend-of-AMC-Preferred-Equity-Units[tagAMC Entertainment Holdings, Inc. Announces Special Dividend of AMC Preferred Equity Units[/tag]

Quote: The issuance of AMC Preferred Equity Units is made possible by the authorization approved by shareholders to issue AMC Preferred Equity in 2013. Each AMC Preferred Equity Unit is a depositary share and represents an interest in one one-hundredth (1/100th) of a share of the Company’s Series A Convertible Participating Preferred Stock (the “Preferred Stock”). Each share of Preferred Stock in turn is potentially convertible into one hundred (100) shares of Common Stock.

So? how does that sound? remember, in 2013 was way before AMC meme.