Item 8.01 Other Events.
On December 7, 2017, American Tower Corporation (the “Company”) issued a press release (the “Press Release”) announcing that (i) its Board of Directors (the “Board”) declared a cash distribution of $0.70 per share of the Company’s common stock, payable on January 16, 2018 to such stockholders of record at the close of business on December 28, 2017 and (ii) the Board approved a new stock repurchase program pursuant to which the Company is authorized to repurchase up to $2.0 billion of its common stock. The Company currently has approximately $345 million remaining authorized for repurchase pursuant to its existing stock repurchase program approved in March 2011.
A copy of the Press Release is filed herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.