Redeemable Preferred Stock

12 Months Ended

Jun. 30, 2014

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Redeemable Preferred Stock

NOTE 9. REDEEMABLE PREFERRED STOCK

In connection with the Separation, 21st Century Fox sold 4,000 shares of cumulative redeemable preferred stock with a par value of $5,000 per share of a newly formed U.S. subsidiary of the Company (See Note 17 – Income Taxes). The preferred stock pays dividends at a rate of 9.5% per annum, payable quarterly, in arrears. The preferred stock is callable by the Company at any time after the fifth year and is puttable at the option of the holder after 10 years. As of June 30, 2014 and 2013, $20 million is included in Redeemable Preferred Stock on the Balance Sheets.