dividend
confidence high
sentiment neutral
materiality 0.80
Laureate Education declares special cash distribution of $7.01 per share from Walden e-Learning sale proceeds
LAUREATE EDUCATION, INC.
- Special cash distribution of $7.01 per share; record date Oct 6, 2021; payable Oct 29, 2021.
- Aggregate distribution approximately $1.29 billion from the sale of Walden e-Learning LLC.
- Board approved plan of partial liquidation; remaining net proceeds from escrow to be distributed by end of 2022.
- Distribution treated as partial liquidation for non-corporate holders: capital gain/loss; corporate holders as dividend.