Rite Aid 2014 Annual Report Download - page 23

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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases
of Equity Securities.
Our common stock is listed on the NYSE under the symbol ‘‘RAD.’’ On April 11, 2014, we had
approximately 22,200 stockholders of record. Quarterly high and low closing stock prices, based on the
composite transactions, are shown below.
Fiscal Year Quarter High Low
2015 (through April 11, 2014) ...................... First $7.04 $6.05
2014 ........................................ First 2.97 1.65
Second 3.52 2.74
Third 5.92 3.46
Fourth 6.74 4.99
2013 ........................................ First 2.05 1.18
Second 1.45 1.12
Third 1.33 1.00
Fourth 1.70 0.97
We have not declared or paid any cash dividends on our common stock since the third quarter of
fiscal 2000 and we do not anticipate paying cash dividends on our common stock in the foreseeable
future. Our senior secured credit facility, second priority secured term loan facilities and some of the
indentures that govern our other outstanding indebtedness restrict our ability to pay dividends.
We have not sold any unregistered equity securities during the period covered by this report, nor
have we repurchased any of our common stock, during the period covered by this report.
Rite Aid Lease Management Company, a subsidiary of the Company, had 213,000 shares of its
Cumulative Preferred Stock, Class A, par value $100 per share (‘‘RALMCO Cumulative Preferred
Stock’’), outstanding. On November 29, 2013, we repurchased all of the outstanding RALMCO
Cumulative Preferred Stock for $21,034.
On September 26, 2013, we agreed to exchange eight shares of our 7% Series G Convertible
Preferred Stock (the ‘‘Series G preferred stock’’) and 1,876,013 shares of our 6% Series H Convertible
Preferred Stock (the ‘‘Series H preferred stock’’, collectively the ‘‘Preferred Stock’’), held by Green
Equity Investors III, L.P. (‘‘LGP’’) for 40,000,000 shares of our common stock, par value $1.00 per
share (the ‘‘Exchange’’), with a market value of $190,400 at the $4.76 per share closing price on the
Settlement Date (as hereinafter defined), pursuant to an individually negotiated exchange transaction.
The Exchange settled on September 30, 2013 (the ‘‘Settlement Date’’). Following the Settlement Date,
no shares of the Series G preferred stock or Series H preferred stock remained outstanding and our
restated certificate of incorporation was amended to eliminate all references to the Series G preferred
stock and Series H preferred stock.
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