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This excerpt taken from the CHTR 8-K filed Dec 23, 2008. Preferred
Stock"). If issued, each fractional share of Preferred Stock
would give the stockholder approximately the same dividend, voting and
liquidation rights as one share of Charter's Class A Common
Stock. However, prior to exercise, a Right will not give its holder
any rights as a stockholder of Charter, including without limitation any
dividend, voting or liquidation rights. The Rights are not
exercisable until 10 days after a public announcement by Charter of an event of
ownership change as described in further detail in the Rights Agreement upon the
terms and conditions also as more fully set forth therein. Further,
upon an issuance of Class A Common Stock and/or Class B Common Stock under the
Rights Plan, additional membership units will be issued to the Charter, as
holder of the Class B common membership units, by Charter Communications Holding
Company, LLC (" |
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