Determine how non liquidating distributions will be addressed
As company operations end, remaining assets go to existing creditors and shareholders.
Each of these parties has a priority in the order of claims to company assets.
These forward-looking statements involve certain risks and uncertainties, including, but not limited to, the valuation of our remaining non-cash assets by analysts, investors and other market participants, the effect of economic conditions generally, developments in the markets in which our remaining minority-held businesses operate, the impact of any potential acquisitions, dispositions or other strategic transactions (including in connection with the negotiation, execution and consummation thereof), our ability to manage capital resources effectively, our ability to monetize our remaining minority investments and otherwise execute on our plan of dissolution, and other risks and uncertainties detailed in Actua’s filings with the SEC.
These and other factors may cause actual results to differ materially from those projected.
Essentially, a person who owns the security on the ex-dividend date will receive the distribution, regardless of who currently holds the stock.The shareholder’s basis is decreased (but not below zero) by the shareholder’s share of the S corporation’s items of loss and deduction, nondeductible expenses (except expenses that are not chargeable to the capital account), depletion deduction for oil and gas property, and distributions to the shareholder that are not made from accumulated earnings and profits.This helps ensure that the shareholder only benefits once from reductions in income earned by the S corporation.For a regular dividend, the declaration date or announcement date is when a company's board of directors announces a distribution.The payment date is when the company officially mails the dividend checks or credits them to investor accounts.