15 unchanged sentences
The graph tracks the performance of a $100 investment, with the reinvestment of all dividends, from December 31, 2020 to December 31, 2025.
−Removed: Table of Conten t s
2020 2021 2022 2023 2024 2025
4 unchanged sentences
Dividend Policy
−Removed: Under the Company’s credit agreement, the Company is restricted in its ability to pay dividends in the future.
−Removed: So long as no Default or Event of Default, as defined in the credit agreement, the Company may make, declare and pay lawful cash dividends or distributions to its shareholders or redeem capital stock in an aggregate amount not to exceed, when the Company’s Total Net Leverage Ratio (as defined in the credit agreement) is greater than 4.00:1.00 on a pro forma basis, an amount equal to the greater of 6.0% of the net cash proceeds from any public equity issuance of the Company’s equity interests or 4.0% of the estimated fair market value of the Company’s equity interests or when the Company’s Total Net Leverage (as defined in the credit agreement) is less than or equal to 4.00:1.00 on a pro forma basis, an unlimited amount;
−Removed: provided, however, that the amount of any dividend or distribution that is not paid in cash but is reinvested in equity interests of the Company shall be excluded from this calculation and redemptions of equity interests of the Company surrendered by employees and directors to cover withholding taxes shall be excluded from this calculation.
+Added: Under the RCF, Shentel Broadband is subject to restrictions on its ability to pay dividends or make other distributions to Shentel Broadband Holding Inc.
+Added: (“Shentel Holdings”), parent of Shentel Broadband and wholly subsidiary of Shentel.
+Added: So long as no default exists, the Shentel Broadband may declare and pay lawful cash dividends or make distributions to Shentel Holdings within the limits set forth in the RCF credit agreement.
+Added: Specifically, the financing arrangements permit:
+Added: (i) annual cash dividends on Shentel’s common stock up to $7.5 million;
+Added: (ii) additional distributions when the Borrower’s Total Net Leverage Ratio (as defined in the RCF credit agreement) is less than 2.50:1.00 on a pro forma basis;
+Added: (iii) additional distributions to Shentel Holdings or Shentel with the proceeds received from the ABS Entities and (iv) certain non-cash distributions and employee-related redemptions.
+Added: Dividends beyond these limits are prohibited unless the leverage ratio condition is satisfied.
The table below sets forth the cash dividends per share of our common stock that our board of directors declared during the following years:
9 unchanged sentences
Purchases of Equity Securities by the Issuer or Affiliated Purchasers
−Removed: Table of Conten t s
−Removed: Table of Conten t s
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.