Green Stream Holdings Inc Announces Declaration Of A Special Common Stock Dividend
Company Will Be Issuing Restricted Shares On June 30, 2019 To Holders Of Common Stock As Of June 14, 2019.
Green Stream Holdings Inc. (OTC:GSFI) a holding company of Green Stream Finance, Inc. announced today that its Board of Directors has approved a special stock dividend to Green Stream Holdings Inc. stockholders of one share of restricted common stock for every 100 shares of common stock presently owned.
The Distribution of the special stock dividend will be made on June 30, 2019 to all Green Stream stockholders of record on the record date of June 14, 2019. The Distribution will take place in the form of a pro rata common stock dividend to each Green Stream stockholder of record on the Distribution Date.
No fractional shares of common stock will be distributed. Instead, Green Stream stockholders will receive a number rounded to the next highest number. The Distribution is intended to qualify as tax free to Green Stream stockholders for U.S. federal income tax purposes.
No vote or action is required by Green Stream’s stockholders in order to receive the Distribution, which is subject to certain customary conditions, which conditions are expected to be satisfied on or prior to the distribution date.
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