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Technology Stocks : McLeod, Inc. (MCLD) ---- IPO -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (705)	9/25/2001 4:03:16 PM
From: miamigator	Respond to of 1418

Yet another 52 week low, and the silence from inside is deafening.

To: Softechie who wrote (705)	9/25/2001 4:04:01 PM
From: Ashley800	Respond to of 1418

Don't know who owns the preferred but it is there, and I believe they would have the first right to any assets of the company in a bankruptcy. Wasn't Clark the chairman before 1999? Why then would he be issued preferred stock in 1999? Plus, I don't know why the board would approve a dividend for its preferred shareholders if the only preferred shareholder was the chairman. McLeodUSA Incorporated Announces Quarterly Dividend On Series A Preferred Stock Cedar Rapids, Iowa - April 16, 2001 - McLeodUSA Incorporated (Nasdaq: MCLD), one of the nation's top telecommunications providers, today announced it has declared a regular quarterly dividend on its 6.75 percent Series A Cumulative Convertible Preferred Stock. The dividend is payable in shares of the Company's Class A Common Stock at a rate of $4.21875 per share of Series A Preferred Stock owned, with fractional shares to be paid in cash. The shares of Class A Common Stock to be issued will be valued based on the average daily closing price of the Class A Common Stock for the five consecutive trading days ending on, and including May 9, 2001. The dividend is payable on May 15, 2001 to stockholders of record as of April 27, 2001.