In response to the excitement for the upcoming AMC Entertainment Spin-off event, we would love to share all the details regarding the event.
What is the event?
AMC Entertainment Holdings announced the Special Dividend of one “AMC Preferred Equity Unit” for each share of AMC Class A common stock. The company listed these units on the New York Stock Exchange under the symbol “APE”.
Who is eligible, and when were the units distributed?
Аll users that purchased shares before the ex-date, August 22 2022, and held them after the market close on August 19 2022, would be eligible for the distribution.
We reflected the units from the event in all eligible users' accounts on the ex-date.
Here is the official statement regarding eligibility provided in the company’s press release:
“The NYSE has established August 22, 2022, as the ex-dividend date. If an investor sells our Common Stock before the ex-dividend date of August 22, 2022, that investor will not be entitled to the AMC Preferred Equity Unit dividend on the shares that are sold. Alternatively, if investors buy our Common Stock before the ex-dividend date August 22, 2022, they will be entitled to receive the AMC Preferred Equity Unit dividend on the shares purchased. “
What about NFTs?
The company announced that it would offer an “I OWN APE” NFT available for all members of AMC Investor Connect that have joined by August 31, 2022. These NFTs are not directly linked to the Special Dividend and are distributed outside our platform.
Can AMC Preferred Equity Units be traded?
The new units began trading on the New York Stock Exchange on the ex-date of August 22, 2022.
For more details regarding the event, you may refer to the official AMC Entertainment Holdings Press Release regarding the Special Dividend.
What about CFDs?
- Users with Long (BUY) positions received 6.63 USD as a Return of Capital Dividend + 0.0001 USD as a Demerger Dividend before the market opening.
- Those with Short (SELL) positions were charged 6.64 USD as a Demerger Dividend + 0.0001 USD as a Return of Capital Dividend after the market opening.