Under Armour (UA) Provides Final Ratio for Upcoming $59M Class C Dividend
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Under Armour, Inc. (NYSE: UA)(NYSE: UA-C) announced the final distribution ratio for its upcoming $59 million dividend to holders of the Company's Class C non-voting common stock in satisfaction of the previously announced settlement agreement entered into by the Company in connection with shareholder litigation related to the creation of the Class C stock.
On June 3, 2016, the Company previously announced that the Company's Board of Directors had approved the payment of this dividend in the form of shares of Class C stock, with cash in lieu of any fractional shares. The Company has determined that the final distribution ratio will be 0.007098 of a share of Class C stock for each share of Class C stock held.
The shares of Class C stock will be distributed on or about June 29, 2016, to stockholders of record of Class C stock on June 15, 2016.
For additional information, please visit the "Stock Info" section of Under Armour's Investor Relations website at www.uabiz.com/investors.cfm.
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