CincinnatiBell Inc. completed its 1-for-5 reverse stock of its outstanding and treasurycommon shares as of 11:59 p.m. ET on Oct. 4.
The company's common stock started trading Oct. 5 on asplit-adjusted basis on the NYSE under its unchanged symbol CBB. The companydid not issue any fractional shares after the reverse stock split, but will payeach registered shareholder the value of any fractional share interest in itscommon stock in cash.
Further, effective from the time of the split, theconversion rate of the Cincinnati Bell's 6.75% preferred shares into commonstock automatically changed from 28.838 common shares per 6.75% preferred shareto 5.7676 common shares per 6.75% preferred share.