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National Beverage Corp. Redeems Preferred Stock

FIZZ, +2.30% announced today that its Board of Directors approved the final $6 million payment (plus accrued dividends) of the Special Series D Preferred Stock that was privately placed in January 2013.

“Team National and its Board are more than pleased relative to the Company’s performance this fiscal year as it draws to conclusion on April 30, 2016. Praiseworthy cash flow plus balance sheet disciplines resulted in the Board’s decision to retire the Special Series D Preferred Stock prior to the end of fiscal year 2016,” stated Nick A. Caporella, Chairman and Chief Executive Officer.

“While too early to release net earnings, our revenues are...