other material
confidence high
sentiment neutral
materiality 0.75
FNF announces SEC declares effective F&G Form 10; 15% distribution to shareholders on Dec 1
Fidelity National Financial, Inc.
- SEC declared effective F&G's Form 10 registration statement for spin-off.
- Distribution of 15% of F&G shares to FNF shareholders on Dec 1; record date Nov 22.
- Exchange ratio: 68 F&G shares per 1,000 FNF shares held on record date.
- When-issued trading of F&G (FG WI) begins Nov 21; regular-way FG starts Dec 1.
- FNF retains 85% ownership of F&G; distribution is taxable for U.S. federal income tax.