Corvex Confirms 35.8% Stock Dividend for March 30 Shareholders
Corvex will distribute a special 35.8% stock dividend to shareholders of record on March 30, 2026, with additional shares credited on April 6. Fractional share entitlements will be paid in cash and no action is required by eligible holders.
1. Special Stock Dividend Details
Corvex has declared a one-time 35.8% stock dividend for holders of its common shares as of the close of business on March 30, 2026. For every 10,000 shares held at the record date, shareholders will receive 3,580 additional shares on April 6, 2026.
2. Fractional Share Cash Payments
No fractional shares will be issued. Any entitlement to fractional shares will be converted to a cash payment based on the closing price of the common stock.
3. Eligibility and Distribution Process
Shareholders do not need to take any action to receive the stock dividend. Additional shares will be automatically credited to brokerage accounts or delivered through the Depository Trust Company on the distribution date.
4. Merger Agreement Context
The stock dividend is payable under the terms of the Amended and Restated Agreement and Plan of Merger dated March 19, 2026, which formalized the merger structure and dividend provisions.