Thomson Reuters shares rose as the market re-focused on the company’s pending return-of-capital plan: a US$605 million special cash distribution (estimated at about US$1.36 per common share) followed by a proportional share consolidation (reverse stock split). With the special meeting approaching, investors are positioning around the potential cash payout mechanics and the timeline for approval and implementation.

Shareholders are set to vote on the proposed return-of-capital and share consolidation at a special meeting scheduled for April 28, 2026. Separately, Thomson Reuters has scheduled its first-quarter 2026 earnings release and webcast for May 5, 2026, creating a near-term calendar of catalysts that can increase trading activity and drive price moves.

The transaction is designed to return cash while keeping the company’s capital structure aligned through a proportional share consolidation. In practice, investors often trade around special distributions because they can change near-term total-return expectations and alter index/portfolio positioning, even when the reverse split is intended to offset the distribution’s impact on the stock’s quoted price.

The next inflection points are the April 28, 2026 shareholder vote outcome and any follow-up details on implementation timing. Investors will also monitor commentary tied to the May 5, 2026 Q1 results for updates on demand trends in the company’s professional software/data businesses and the pace of capital returns.