Monday, October 27, 2014
Equity Trader Alert #2014 - 96
Special Dividend Information for CareTrust REIT, Inc. (CTRE)
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CareTrust REIT, Inc. (CTRE) has announced a special dividend of $5.88 per share in cash and stock. The details of the dividend are as follows:
The special dividend will be paid in a combination of cash and shares of CareTrust. The total amount of cash distributed will be approximately $33.0 million, with the remainder distributed in shares. Shareholders of record on the Record Date may elect to receive their entire distribution in either cash or CareTrust common stock, subject to a requirement that the total cash distributed to all shareholders be equal to the required cash distribution amount of approximately $33.0 million. Shareholders have until December 1, 2014 to complete their election. Shareholders failing to make an election will receive all shares unless the required cash distribution has not been met, in which case cash will be allocated on a pro rata basis to those stockholders. |
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