47 CFR 65.303 - Cost of preferred stock.

Regulations last checked for updates: Jan 19, 2025

Title 47 - Telecommunication last revised: Jan 15, 2025

View all text of Subpart C [§ 65.300 - § 65.450]

§ 65.303 - Cost of preferred stock.

The formula for determining the cost of preferred stock is:

Where:

“Total Annual Preferred Dividends” is the total dividends on preferred stock for the most recent two years for all local exchange carriers with annual revenues equal to or above the indexed revenue threshold as defined in § 32.9000. “Proceeds from the Issuance of Preferred Stock” is the average of the total net proceeds from the issuance of preferred stock for the most recent two years for all local exchange carriers with annual revenues equal to or above the indexed revenue threshold as defined in § 32.9000.

[60 FR 28545, June 1, 1995, as amended at 67 FR 5702, Feb. 6, 2002]

authority: 47 U.S.C. 151,154,155,201,205,214,219,220,254,303,403,and

cite as: 47 CFR 65.303