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
Uniti Group Inc., an internally managed real estate investment trust, engages in the acquisition and construction of mission critical communications industry in the United States and Mexico. It operates in four business segments: Leasing, Fiber Infrastructure, Towers, and Consumer CLEC. The company engages in the acquisition and leasing of mission-critical communications assets, such as fiber, data centers, consumer broadband, coaxial and upgradeable copper assets. It also provides infrastructure solutions, including cell site backhaul and small cell for wireless operators and Ethernet; and wavelengths and dark fiber for telecommunications carriers and enterprises. In addition, the company builds, owns, and operates telecommunications towers for wireless carriers, as well as provides local telephone, high-speed Internet, and long distance service to approximately 37,000 customers. Its fiber network consists of 605,000 strand miles of fiber and approximately 5,450 customer connections, as well as operates 468 wireless communication towers. 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. The company was formerly known as Communications Sales & Leasing, Inc. and changed its name to Uniti Group Inc. in February 2017. Uniti Group Inc. was incorporated in 2014 and is based in Little Rock, Arkansas.
27 Feb 2017 changed name from Communications Sales & Leasing, Inc. and ticker from CSAL.