SunEdison Suspends Quarterly Dividend On Preferred Stock

SunEdison, Inc. , the largest global renewable energy development company,recentlyannounced  that it has suspended payment of quarterly dividends on the Company’s 6.75% Series A Perpetual Convertible Preferred Stock.  Dividends on the Perpetual Convertible Preferred Stock are payable in cash or common stock (with a floor price of $7.34) and suspended dividends will accumulate in arrears. The Company’s Board of Directors intends to reassess its dividend policy on an ongoing basis.