Overstock.com (OSTK) Provides Key Dates for Upcoming Digital Dividend

Overstock.com, Inc. (NASDAQ: OSTK) has released the following key dates related to its Series A-1 Preferred Digital Dividend. These dates were first announced during Overstock’s Q3 2019 earnings call, which was held on November 12, 2019:

Proxy Vote:

• Proxy Vote Record Date: December 18, 2019
• Proxy Vote Date: February 13, 2020

Issuance of Dividend (pending proxy vote approval):

• Issuance Record Date: February 24, 2020 (estimated)
• Distribution Date: March 9, 2020 (estimated)

“This shareholder vote will significantly improve the value of the Series A-1 shares and be worth the wait for shareholders. The proxy vote is an important step for the first dividend of its kind that will give our shareholders access to the next generation of capital markets powered by tZERO. The vote gives our shareholders the opportunity to voice their view on the application of blockchain technology to the securities markets,” said Overstock CEO Jonathan Johnson. “We intend to have the Series A-1 OSTKO digital dividend in our shareholders’ hands within a month of shareholder approval. Assuming shareholder approval on February 13, I am confident we can.”

As previously announced, Overstock is seeking to register the Series A-1 shares with the Securities and Exchange Commission so they will be freely tradable upon distribution.

The company will continue to provide updates on the digital dividend, and all other company matters, on its Newsroom and Investor Relations pages as they become available.

You May Also Be Interested In

• Hertz cuts guidance, announces notes and stock offerings, shares sink
• FuelCell Energy signs deal with Fit Energy for up to 380 MW of power
• Global Water files for expanded water supply in Arizona service areas