Charter 2004 Annual Report Download - page 33

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CHARTER COMMUNICATIONS, INC. 2004 FORM 10-K
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.
(A) Market Information
Our Class A common stock is quoted on the NASDAQ low last reported sale price per share of Class A common stock
National Market under the symbol ‘‘CHTR.’’ The following on the NASDAQ National Market. There is no established
table sets forth, for the periods indicated, the range of high and trading market for our Class B common stock.
Class A Common Stock High Low
2004
First quarter $ 5.43 $ 3.99
Second quarter $ 4.70 $ 3.61
Third quarter $ 3.90 $ 2.61
Fourth quarter $ 3.01 $ 2.03
2003
First quarter $1.73 $0.76
Second quarter $4.18 $0.94
Third quarter $5.50 $3.32
Fourth quarter $4.71 $3.72
(B) Holders (D) Recent Sales of Unregistered Securities
As of December 31, 2004, there were 3,793 holders of record of During 2004, there were no unregistered sales of securities of
our Class A common stock, one holder of our Class B common the registrant other than those previously reported on a
stock, and 13 holders of record of our Series A Convertible Form 10-Q or Form 8-K.
Redeemable Preferred Stock. For information regarding securities issued under our equity
compensation plans, see ‘‘Item 12. Security Ownership of
Certain Beneficial Owners and Management — Securities autho-
rized for issuance under equity compensation plans.’’
(C) Dividends
Charter has not paid stock or cash dividends on any of its
common stock, and we do not intend to pay cash dividends on
common stock for the foreseeable future. Except for the cash
dividends we pay on our outstanding Series A convertible
redeemable preferred stock, we intend to retain future earnings,
if any, to finance our business. Additionally, Charter is prohib-
ited from declaring or paying cash dividends on any class of
stock on par with or junior to the Series A convertible
redeemable preferred stock, including the common stock, unless
the cumulative dividends on the preferred stock and any
accrued dividends on stock on par with the preferred stock for
any past or current period have been paid or set aside in full.
Charter Holdco may make pro rata distributions to all
holders of its common membership units, including Charter.
Covenants in the indentures and credit agreements governing
the debt obligations of Charter Communications Holdings and
its subsidiaries restrict their ability to make distributions to us,
and accordingly, limit our ability to declare or pay cash
dividends. See ‘‘Item 7. Management’s Discussion and Analysis
of Financial Condition and Results of Operations.’’
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