Visa deposits $500M into litigation escrow, triggering class B conversion adjustment

VISA INC.

Visa deposited $500 million into U.S. litigation escrow account under its retrospective responsibility plan.
Deposit triggers downward adjustment to class B to class A conversion rate, diluting class B shares.
Adjustment has same EPS effect as repurchasing class A common stock.
Class B shares are held exclusively by U.S. financial institutions and their affiliates.
Deposit and adjustment conducted per terms of Visa's certificate of incorporation.

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