Liberty Latin America (LILA) details June 2026 special preference share dividend timeline
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Liberty Latin America announced key dates for a previously declared special dividend in the form of 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preference Shares, par value $0.01 per share, to its common shareholders.
The record date is June 1, 2026 at 5:00 p.m. New York City time. A “when-issued” market for the Preference Shares under the symbol LILPV and ex-distribution “when-issued” markets for LILA and LILAK (symbols LILAV and LILAKV) open on June 1, 2026.
The distribution date for the Preference Shares, and the last day of the related “when-issued” markets, is June 16, 2026 at 5:00 p.m. New York City time. The ex-dividend date and start of regular-way trading for the Preference Shares are on June 17, 2026, which is also the settlement date for “when-issued” trades.
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Insights
Liberty Latin America is distributing a new 9.0% preference share class via special dividend with staged trading dates.
Liberty Latin America is delivering a special dividend by issuing 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preference Shares to common shareholders. Instead of cash, holders receive a new income-bearing security, which may appeal to income-focused investors and slightly change the company’s capital structure.
The company outlines “when-issued” trading for the Preference Shares (LILPV) and ex-distribution “when-issued” markets for LILA and LILAK (LILAV and LILAKV) starting on June 1, 2026. This structure separates trading in common shares with and without the right to the special dividend, under due bill procedures.
Key milestones are the record date on June 1, 2026, the distribution date on June 16, 2026, and the ex-dividend date and start of regular-way Preference Share trading on June 17, 2026. Actual impact will depend on how investors value the new 9.0% Preference Shares relative to the existing common shares.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Dividend security coupon: 9.0% fixed rate
Preference share par value: $0.01 per share
Record date: June 1, 2026, 5:00 p.m.
+4 more
7 metrics
Dividend security coupon
9.0% fixed rate
Series A Cumulative Perpetual Redeemable Preference Shares
Preference share par value
$0.01 per share
Series A Preference Shares
Record date
June 1, 2026, 5:00 p.m.
Special dividend entitlement cut-off, New York City time
Distribution date
June 16, 2026, 5:00 p.m.
Preference Shares distributed; when-issued markets close
Ex-dividend and regular-way start
June 17, 2026
Ex-dividend date and start of regular-way trading in Preference Shares
Preference Shares when-issued symbol
LILPV
Nasdaq Global Select Market when-issued trading from June 1, 2026
Ex-distribution symbols
LILAV, LILAKV
LILA and LILAK ex-distribution when-issued markets from June 1, 2026
Key Terms
special dividend, when-issued, ex-distribution, due bill trading procedures, +1 more
5 terms
special dividend financial
"announces key dates regarding its special dividend of 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preference Shares"
A special dividend is a one-time payment made by a company to its shareholders, usually when it has accumulated excess profits or cash. It is like a bonus or a reward for investors, often signaling that the company has extra funds available. This type of dividend matters because it can indicate a company's financial health or a significant change in its cash situation.
when-issued financial
"The “when-issued” market for the Preference Shares will begin on the Nasdaq Global Select Market under the symbol LILPV"
"When-issued" refers to a situation where new bonds or stocks are announced and traded before they are officially available to buy. It’s like reserving a ticket for a concert before the tickets are printed, allowing investors to buy or sell these future securities in advance. This helps everyone plan ahead and see how much interest there is before the actual sale happens.
ex-distribution financial
"The ex-distribution “when-issued” markets for LILA and LILAK common shares will begin on the Nasdaq Global Select Market"
"Ex-distribution" means a stock is traded without including the upcoming dividend or payout. If you buy a stock just before this date, you'll receive the payout, but if you buy it afterward, you won't. It’s important because it affects the stock’s price and whether investors get the upcoming payment.
due bill trading procedures financial
"As a result of “due bill” trading procedures, those investors acquiring common shares ... will also be entitled to receive the special dividend"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): June 1, 2026
(Exact Name of Registrant as Specified in Charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification #) | ||||||||||||
(Address of Principal Executive Office)
(303 ) 925-6000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbols | Name of Each Exchange on Which Registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 7.01. REGULATION FD DISCLOSURES
The press release attached hereto as Exhibit 99.1 is being furnished to the SEC under Item 7.01 “Regulation FD Disclosure” of Form 8-K. The information furnished pursuant to this Form 8-K (including the exhibit hereto) shall not be considered “filed” under the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into any of Liberty Latin America’s filings under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, unless Liberty Liberty America expressly states in such filing that such information is to be considered “filed” or incorporated by reference therein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| Exhibit No. | Exhibit Name | ||||
| 99.1 | Press Release, dated June 1, 2026 | ||||
| 101.SCH | XBRL Inline Taxonomy Extension Schema Document. | ||||
| 101.DEF | XBRL Inline Taxonomy Extension Definition Linkbase. | ||||
| 101.LAB | XBRL Inline Taxonomy Extension Label Linkbase Document. | ||||
| 101.PRE | XBRL Inline Taxonomy Extension Presentation Linkbase Document. | ||||
| 104 | Cover Page Interactive Data File.* (formatted as Inline XBRL and contained in Exhibit 101) | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LIBERTY LATIN AMERICA LTD. | ||||||||
| By: | /s/ JOHN M. WINTER | |||||||
| John M. Winter | ||||||||
| Senior Vice President, Chief Legal Officer and Secretary | ||||||||
Date: June 1, 2026
, 2019
Exhibit 99.1
LIBERTY LATIN AMERICA ANNOUNCES KEY DATES REGARDING SPECIAL DIVIDEND OF SERIES A PREFERENCE SHARES TO COMMON SHAREHOLDERS
Denver, Colorado – June 1, 2026: Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced the following key dates regarding its special dividend of 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preference Shares, US $0.01 par value per share (the “Preference Shares”), to common shareholders:
•Record date — June 1, 2026 at 5:00 p.m., New York City time
Investors who hold common shares of Liberty Latin America (NASDAQ: LILA and LILAK, OTC Link: LILAB) on the record date will be entitled to receive the special dividend of Preference Shares so long as they continue to hold such common shares through the distribution date (defined below) of the Preference Shares. As a result of “due bill” trading procedures, those investors acquiring common shares of Liberty Latin America after the record date who continue to hold such common shares through the distribution date of the Preference Shares will also be entitled to receive the special dividend of Preference Shares.
•“When-issued” market opens for Preference Shares — June 1, 2026
The “when-issued” market for the Preference Shares will begin on the Nasdaq Global Select Market under the symbol LILPV. Investors are able to trade Preference Shares prior to the distribution date in this market, with such trades of Preference Shares settling on June 17, 2026 as further specified below.
•Ex-distribution “when-issued” markets open for LILA and LILAK common shares — June 1, 2026
The ex-distribution “when-issued” markets for LILA and LILAK common shares will begin on the Nasdaq Global Select Market under the symbols LILAV and LILAKV, respectively. Investors are able to trade LILA and LILAK common shares in these markets without the entitlement to receive the special dividend of Preference Shares. Conversely, investors who trade LILA and LILAK common shares in the regular-way markets for LILA and LILAK common shares will be entitled to receive the special dividend of Preference Shares under the “due bill” trading procedures; provided, that they hold such common shares through the distribution date of the Preference Shares.
•Distribution date for Preference Shares and closing of “when-issued” markets — June 16, 2026 at 5:00 p.m., New York City time
The date of distribution of the Preference Shares, and the last day of “when-issued” markets for the Preference Shares and the ex-distribution “when-issued” markets for LILA and LILAK common shares.
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•Ex-dividend date and commencement of regular-way trading of Preference Shares — June 17, 2026
The ex-dividend date for the special dividend of Preference Shares and the commencement of regular-way trading for Preference Shares. This is also the date of settlement for “when-issued” trades of Preference Shares and for ex-dividend “when-issued” trades of LILA and LILAK common shares.
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of any securities referred to in this press release in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. For further information, please visit www.lla.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the special dividend, as well as the “when-issued” trading and ex-dividend dates. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These risk and uncertainties include regulatory matters affecting our businesses, continued access to capital on terms acceptable to Liberty Latin America, satisfaction of the conditions to the distribution of the Series A Preference Shares, changes in law and government regulations, the availability of investment opportunities, and general market conditions, and other factors detailed from time to time in our filings with the Securities and Exchange Commission, including our most recently filed Form 10-K and Form 10-Q. These forward-looking statements speak only as of the date of this press release. We expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions, or circumstances on which any such statement is based.
ABOUT LIBERTY LATIN AMERICA
Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands BTC, Flow, Liberty, and Más Móvil. The communications and entertainment services that we offer to our residential and business customers in the region include digital video, broadband internet, telephony, and mobile services. Our business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. In addition, Liberty Latin America operates a subsea and terrestrial fiber optic cable network that connects over 30 markets in the region.
Liberty Latin America has three separate classes of common shares, which are traded on the NASDAQ Global Select Market under the symbols “LILA” (Class A) and “LILAK” (Class C), and on the OTC link under the symbol “LILAB” (Class B).
For more information, please visit www.lla.com or contact:
Investor Relations: Corporate Communications:
Soomit Datta ir@lla.com Michael Coakley llacommunications@lla.com
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FAQ
What special dividend is Liberty Latin America (LILA) paying?
Liberty Latin America is paying a special dividend in 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preference Shares, par value $0.01 per share, to its common shareholders. This dividend delivers a new income-oriented security rather than a traditional cash payment.