Exela Technologies

Exela Technologies Inc. 6% Perpetual Preferred Stock represents a class of equity offered by Exela Technologies Inc., aimed at investors seeking steady income through dividend payments. This particular financial instrument provides shareholders with a 6% dividend yield, which is typically prioritized over common stock dividends. The "perpetual" nature of the preferred stock means that it does not have a maturity date, allowing investors the potential for long-term returns without scheduled redemption by the company. Exela Technologies Inc. is known for its business process automation solutions, which play a significant role in various sectors such as healthcare, banking, and information technology. The preferred stock serves as a vital component for the company in raising capital without diluting the common equity base, offering appealing benefits to income-focused investors while enhancing the company's financial stability.