Overstock Approaches Record Date for Digital Dividend
Overstock.com, Inc. (OSTK)
Last overstock.com, inc. earnings: 11/12 08:00 am
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Source: GlobeNewswire
All shareholders as of April 27, 2020 will receive the Digital Voting Series A-1 Preferred Stock dividend SALT LAKE CITY, April 20, 2020 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK) is approaching the record date for its Digital Voting Series A-1 Preferred Stock (“OSTKO”) dividend. All Overstock shareholders as of April 27, 2020 will receive the dividend, which will be distributed on a 1:10 basis in shares of OSTKO on May 19, 2020. Eligible shareholders do not need to take any action to receive the dividend. The Series A-1 shares have been granted DTC eligibility, allowing them to be eligible for depository and book-entry services at DTC, and the company has filed its prospectus supplement in connection with the dividend. “Overstock has long championed a new capital markets system built on trust through technology,” said Overstock CEO Jonathan Johnson. “This innovative dividend issuance is another step in that direction. I’m pleased that the dividend will trade on the t
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