Charter 2005 Annual Report Download - page 39

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CHARTER COMMUNICATIONS, INC. 2005 FORM 10-K
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.
(A) Market Information low last reported sale price per share of Class A common stock
Our Class A common stock is quoted on the NASDAQ on the NASDAQ National Market. There is no established
National Market under the symbol ‘‘CHTR.’’ The following trading market for our Class B common stock.
table sets forth, for the periods indicated, the range of high and
Class A Common Stock High Low
2005
First quarter $ 2.30 $ 1.35
Second quarter 1.53 0.90
Third quarter 1.71 1.14
Fourth quarter 1.50 1.12
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
(B) Holders (D) Recent Sales of Unregistered Securities
As of December 31, 2005, there were 4,516 holders of record of During 2005, 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 4 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
(C) Dividends Certain Beneficial Owners and Management — Securities autho-
Charter has not paid stock or cash dividends on any of its rized for issuance under equity compensation plans.’’
common stock, and we do not intend to pay cash dividends on
common stock for the foreseeable future. We intend to retain
future earnings, if any, to finance our business.
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.’’
29