EchoStar Communications Corporation Confirms Record Date and Quarterly Return Amount for the 6 3/4% Series C Cumulative Convertible Preferred Stock.LITTLETON, Colo.--(BUSINESS WIRE)--July 9, 1999-- EchoStar Communications Corporation EchoStar Communications Corporation (NASDAQ: DISH) is the parent company of DISH Network and the maintainer of the satellite fleet that provides the signal that DISH Network markets. (Nasdaq: DISH, DISHP) has confirmed a July 19, 1999 record date in connection with payment of the Quarterly Return Amount on the Company's 6 3/4% Series C Cumulative Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". ("Series C Preferred Stock"), in accordance with the terms pursuant to which the Company issued the Series C Preferred Stock. The Quarterly Return Amount, equal to $0.84375 per share, will be paid in cash as of August 2, 1999. There are presently 2,182,919 million shares of Series C Preferred Stock outstanding. EchoStar Communications Corp. includes three interrelated in·ter·re·late tr. & intr.v. in·ter·re·lat·ed, in·ter·re·lat·ing, in·ter·re·lates To place in or come into mutual relationship. in business units: -- DISH Network is EchoStar's state-of-the-art DBS (Direct Broadcast Satellite) A one-way TV broadcast service from a communications satellite to a small round or oval dish antenna no larger than 20" in diameter. system that offers customers over 300 channels of digital video and CD-quality audio programming, fully MPEG-2/DVB compliant hardware and installation. -- EchoStar Technologies Corporation (ETC ETC - ExTendible Compiler. Fortran-like, macro extendible. "ETC - An Extendible Macro-Based Compiler", B.N. Dickman, Proc SJCC 38 (1971). , formerly HTS HTS Heights HTS Harmonized Tariff System HTS High Throughput Screening (biomolecular assay screening) HTS High-Throughput Screening (Pharmaceutical Industry) HTS Harmonized Tariff Schedule (TM) - Houston Tracker Systems, Inc.), designs, manufactures and distributes DBS set-top boxes, antennas and other digital equipment for DISH Network and various international customers that include ExpressVu Canada and Telefonica's Via Digital system in Spain. ETC also provides uplink-center design, construction oversight and project-integration services for customers internationally. -- Satellite Services provides the delivery of video, audio and data services to business television customers and other satellite users. These services include satellite uplink, satellite transponder space-usage and other services. DISH Network currently serves over 2.4 million customers. DISH Network is a trademark of EchoStar Communications Corporation. HTS is a trademark of Houston Tracker Systems, Inc. DISH Network is located on the Internet at: www.dishnetwork.com |
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