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SEC Filings

10-K
TERRAFORM GLOBAL, INC. filed this Form 10-K on 06/15/2017
Entire Document
 

PART II

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Common Stock
The Company’s Class A common stock began trading on the Nasdaq Global Select Market under the symbol “GLBL” on July 31, 2015. Prior to that, there was no public market for our Class A common stock. The Company’s Class B common stock is not publicly traded.
As of May 31, 2017, there were 25 holders of record of the Company’s Class A common stock, one holder of record of the Company’s Class B common stock and no shares issued of the Company’s Class B1 common stock and the closing sale price per share of our Class A common stock on the Nasdaq Global Select Market was $4.75.
The table below sets forth, for the periods indicated, the high and low sale prices per share of our Class A common stock on the Nasdaq Global Select Market since July 31, 2015:
 
High
 
Low
July 31, 2015 to September 30, 2015
$
14.44

 
$
6.38

Quarter ended December 31, 2015
$
8.36

 
$
3.71

Quarter ended March 31, 2016
$
5.55

 
$
1.92

Quarter ended June 30, 2016
$
3.27

 
$
2.10

Quarter ended September 30, 2016
$
4.38

 
$
3.10

Quarter ended December 31, 2016
$
4.44

 
$
3.40

Dividends
On November 10, 2015, the Company declared a dividend for the third quarter of 2015 on the Company’s Class A common stock of $0.1704 per share, which was paid on December 15, 2015 to stockholders of record on December 1, 2015. This amount represents a quarterly dividend of $0.275 per share.
    
On February 29, 2016, the Company declared a dividend for the fourth quarter of 2015 on the Company’s Class A common stock of $0.275 per share. The dividend was paid on March 17, 2016 to stockholders of record as of March 10, 2016. The Company did not declare or pay a dividend for the first, second, third or fourth quarter of 2016. Prior to the execution of the Merger Agreement, as a result of the SunEdison Bankruptcy, the limitations on our ability to access the capital markets for our corporate debt and equity securities, and other risks that we face as detailed in this Annual Report on Form 10-K, we believed it was prudent to defer any decisions on paying dividends to our stockholders. Under the Merger Agreement, we are restricted from declaring or paying dividends prior to the consummation of the Brookfield Transaction.

Stock Performance Graph
This performance graph below shall not be deemed “soliciting material” or to be “filed” with the SEC for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act or the Exchange Act.
The performance graph below compares the Company’s cumulative total stockholder return on the Company’s Class A common stock for the period from July 31, 2015 through December 31, 2016, with the cumulative total return of the Nasdaq Composite Index, the S&P Global Clean Energy Index, the MSCI Emerging Markets Index, as well as our peer group consisting of Abengoa Yield plc, NextEra Energy Partners, LP, NRG Yield, Inc., Pattern Energy Group Inc., and 8point3 Energy Partners LP.
The performance graph below compares each period assuming that $100 was invested on the IPO date in each of the Class A common stock of TerraForm Global, Inc., the stocks in the Nasdaq Composite Index, S&P Global Clean Energy Index, the MSCI Emerging Markets Index, and our peer group, and that all dividends were reinvested.


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