RE: Then read AMC Preferred Equity unit (“APE”) Dividend Frequently Asked Questions. #1 states AMC shares turn into APE SHARES 8-19 and AMC shares open Monday at 0.01.
Each AMC Preferred Equity unit (sometimes referred to herein as “APEs”) is designed to have the same economic value as a share of Class A Common Stock (the “common stock”).
Each AMC Preferred Equity unit is designed to have the same voting rights as a share of common stock.
The AMC Preferred Equity unit will trade on the New York Stock Exchange under the ticker symbol “APE”.
An AMC Preferred Equity unit is a depositary share with each AMC Preferred Equity unit representing a one one-hundredth (1/100th) interest in a share of AMC’s authorized Series A Convertible Participating Preferred stock.