Purchased: 31 Oct 2016
Cost basis: $28.77
Current Portfolio Status: Hold
Dividend Reinvestment: N
Dividends paid quarterly in Jan, Apr, Jul, Oct
Shares held on account at Motif
Communications Sales & Leasing, Inc., an internally managed real estate investment trust, engages in the acquisition and construction of mission critical communications infrastructure; and provision of wireless infrastructure solutions for the communications industry. It operates in two segments, Leasing and Consumer CLEC. It primarily focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks, and data centers. The company leases its distribution systems to Windstream Holdings on a triple-net basis pursuant to a long-term exclusive lease agreement. As of October 6, 2016, it owned 4.2 million fiber strand miles, 86 wireless towers, and other communications real estate throughout the United States and Mexico. The company qualifies as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Communications Sales & Leasing, Inc. was incorporated in 2014 and is based in Little Rock, Arkansas.