other material
confidence high
sentiment neutral
materiality 0.60
FNF sets Nov 22 record date, Dec 1 distribution of 68 shares of F&G per 1,000 FNF shares (15% spin-off)
Fidelity National Financial, Inc.
- Distribution ratio: 68 shares of F&G common stock for every 1,000 FNF shares owned as of Nov 22 record date.
- Distribution expected at 12:01 a.m. ET on December 1, 2022; FNF retains ~85% ownership of F&G.
- F&G intends to list on NYSE under symbol "FG"; when-issued trading under "FG WI" expected before record date.
- Distribution treated as taxable for U.S. federal income tax; no shareholder action required to receive shares.
- Completion subject to SEC effectiveness of F&G's Form 10 registration statement.