Under Armour (UA) Board Approves $59M Dividend for Class C Stockholders

Under Armour, Inc. (NYSE: UA) announced that its Board of Directors has approved the payment of a $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.

The Company's Board of Directors has approved the payment of this dividend in the form of shares of additional shares of Class C stock, with cash in lieu of any fractional shares. 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. The Company has determined that the initial distribution ratio will be 0.007098 of a share of Class C stock for each share of Class C stock held. A final distribution ratio will be provided when determined.

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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