Laureate Education declares special $0.83/share distribution from Walden sale proceeds

LAUREATE EDUCATION, INC.

Special cash distribution of $0.83 per share, record date Sep 28, payable Oct 12, 2022.
Aggregate distribution expected to be about $137 million, funded from Walden e-Learning sale escrow and remaining net proceeds.
This is anticipated to be the final distribution under the previously adopted partial liquidation plan.
Equity awards adjusted: option exercise prices reduced by $0.83; unvested stock units to receive $0.83/share cash when vesting.
Distribution treated as partial liquidation for non-corporate shareholders (capital gain/loss) and as dividend for corporate holders.

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