CreateAI Declares Special Cash Distribution
Estimated aggregate cash dividend of
In making its determination, the Board concluded that a one-time return of capital is in the best interests of its stockholders and maintains the Company's ability to execute its long-term strategy.
CreateAI does not have, and does not expect to have, current or accumulated earnings and profits as described in Section 312 of the Internal Revenue Code of 1986, as amended. Accordingly, the Cash Distribution is expected to be characterized as a return of capital and reported as a non-dividend distribution.
About CreateAI
CreateAI is a global applied artificial intelligence company with offices in the US,
CreateAI Investor Relations Contact:
[email protected]
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SOURCE CreateAI Holdings Inc
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