12.75% annual dividend on Preferred Units
Company: Applied Digital
The claim, verbatim
Preferred Units accrue dividend at 12.75% per annum, increasing by 87.5 basis points on fifth and sixth anniversaries of Closing
Source (primary)
Applied Digital 8-K filed 2025-01-14 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Preferred Units are to accrue a dividend at a rate of 12.75% per annum, paid in kind or, at the Issuer's election, cash (subject to excess cash distributions), which is to increase by 87.5 basis points on the fifth and sixth anniversaries of the Closing”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Applied Digital 8-K filed 2025-01-14
Quote: “The Preferred Units are to accrue a dividend at a rate of 12.75% per annum, paid in kind or, at the Issuer's election, cash (subject to excess cash distributions), which is to increase by 87.5 basis points on the fifth and sixth anniversaries of the Closing”