MSG Sports declares $7.00 special dividend and authorizes $75M ASR

Madison Square Garden Sports Corp.

Special cash dividend of $7.00 per share (~$175M total) payable Oct 31, 2022; record date Oct 17, 2022.
Board authorized a $75M accelerated share repurchase (ASR) program; expects to execute after Q1 FY2023 results.
Combined shareholder return of ~$250M; funded via existing Rangers/Knicks credit facilities and cash on hand.
Exec Chairman James L. Dolan cites strong FY2022 performance and commitment to delivering shareholder value.
ASR will utilize ~$75M of the remaining ~$260M share repurchase authorization.

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