BERWYN, PA — Actua Corporation announced that it will make a liquidating distribution of $0.75 per share to its stockholders of record as of February 4, 2020; payment of the liquidating distribution will be made on February 7, 2020.
The aggregate distribution of approximately $24.0 million is being made in light of the recent receipt of cash related to the Company’s disposition of its interests in minority holdings.
Actua intends to make one or more additional liquidating distributions to its stockholders as it monetizes its minority assets and satisfies liabilities; however, Actua cannot predict with certainty the amount and timing of any additional liquidating distributions.
Based on the information currently available to it, the Company now believes that the estimated additional distributions following the $0.75 liquidating distribution will be in the range of between $0.05 and $0.15 per share.
Information regarding any future stockholder distributions will be publicly disclosed through Current Reports on Form 8-K and company releases.
Source: Actua Corporation
