ALTG · Alta Equipment Group Inc.

This dividend declaration relates to Alta Equipment Group’s outstanding 10% Series A Cumulative Perpetual Preferred Stock, a fixed-rate, perpetual instrument with cumulative dividend rights. The $625 per share amount corresponds to the annual dividend (10% of the $6,250 liquidation preference per share), prorated quarterly. As the filing confirms, each Depositary Share represents a 1/1000th interest in one preferred share, resulting in a $0.625 per Depositary Share payout — consistent with the security’s design and exchange listing conventions. The timing — record date April 15, 2026 and payment on April 30, 2026 — follows standard quarterly cadence for preferred dividends and imposes no new financial covenant or liquidity strain beyond the scheduled obligation. No modification to the preferred stock’s terms, redemption features, or cumulative arrearage status is disclosed; the announcement affirms ongoing compliance with the existing preferred stock designation. Because this is a routine, contractually mandated distribution on a non-dilutive, non-voting capital instrument — and no earnings impact, balance sheet adjustment, or strategic shift is indicated — materiality is assessed as MEDIUM: relevant to preferred shareholders and income-focused investors, but not indicative of operational performance or corporate strategy change.