FedEx Board approves spin-off of FedEx Freight; distribution ratio 1:2; trading starts June 1

FEDEX CORP

Sec declared effective Form 10 for FedEx Freight on May 11, 2026.
Board declared pro rata dividend of 80.1% of FDXF shares; record date May 15, 2026.
FedEx stockholders get 1 share of FDXF for every 2 FDX shares held; FDXF to trade on NYSE under symbol FDXF from June 1, 2026.
FedEx will retain 19.9% of FDXF shares and dispose within 24 months via debt repayment or distributions.
FedEx Freight to pay $4.1B cash dividend to FedEx pre-separation; FedEx to redeem €354.9M 1.300% notes due 2031 on May 28, 2026.

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