Date of issuance: Optionally redeemable beginning: Par value (gross proceeds): Number of shares: Liquidation preference per share: Conversion price per share: Number of common shares in which to be converted: Dividend rate: June 17, 2018 June 18, 2020 $1,500,000 68. Bee $ 25 $ 30.06 49,900 6.615% The Preferred Stock is convertible at any time by the holders into a number of shares of Ozark's common stock equal to the number of preferred shares being converted times a fraction equal to $25 divided by the conversion price. The conversion prices for the Preferred Stock are subject to customary adjustments in the event of stock splits, stock dividends and certain other distributions on the Common Stock. Cumulative dividends for the Preferred Stock are payable in arrears, when, as, and if declared by the Board of Directors, on March 31, June 30, September 30, and December 31 of each year. The Preferred Stock is optionally redeemable by the Company beginning on various dates, as listed above, at redemption prices equal to 112% of the liquidation preference. The redemption prices decrease 2% annually thereafter until the redemption price equals the liquidation preference, after which date it remains the liquidation preference. Required: 1. What amount of dividends is paid annually to a preferred shareholder owning 200 shares of the Series A preferred stock? 2. If dividends are not paid in 2022 and 2023, but are paid in 2024, what amount of dividends will the shareholder receive? 3. If the investor chooses to convert the shares in 2022, how many shares of common stock will the investor receive for his/her 200 shares? 4. If Ozark chooses to redeem the shares on June 18, 2022. what amount will the investor be paid for his/her 200 shares? Investor be paid for Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 What amount of dividends is paid annually to a preferred shareholder owning 200 shares of the Series A pre percentage value in 3 decimals.) Par Value Total Dividend Annual Number of Dividend Rate Preferred Annual per Preferred Shares preferred Shares (%) Preferred preferred owned dividend 200 Shares Dividend share shares $ 1,500,000 6.615 % IS 99 225 60,000 1.65375 200 330 750 Roquired Required 2 > is palu annually to a preferred shareholder owning 200 shares of the Series A preferred 2. If dividends are not paid in 2022 and 2023, but are paid in 2024, what amount of dividends will the shareholder rec 3. If the investor chooses to convert the shares in 2022, how many shares of common stock will the investor receive fc shares? 4. If Ozark chooses to redeem the shares on June 18, 2022, what amount will the investor be paid for his/her 200 share Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If dividends are not paid in 2022 and 2023, but are paid in 2024, what amount of dividends will the shareholder receive? (Round your answer to 3 decimal places.) Amount of dividends S 330.750 X quired: Vhat amount of dividends is paid annually to a preferred shareholder f dividends are not paid in 2022 and 2023, but are paid in 2024, wha If the investor chooses to convert the shares in 2022, how many share ares? If Ozark chooses to redeem the shares on June 18, 2022, what amoun X Answer is not complet Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If Ozark chooses to redeem the shares on June 18, 2022, what amount will the (Round "Per Share Amounts" to 2 decimal places except percentage values.) Per Share Amounts Total 200 shares Liquidation preference Redemption Percentage (%) Redemption price, June 18, 2022 4 X %
