other material
confidence high
sentiment neutral
materiality 0.60
Laureate Education to pay $0.83/share special distribution on Oct 12, 2022; provides tax details
LAUREATE EDUCATION, INC.
- Special cash distribution of $0.83 per share; aggregate amount approximately $137 million based on record date shares.
- Distribution payable on October 12, 2022 to holders of record as of September 28, 2022.
- Non-corporate shareholders treat as partial liquidation (capital gain/loss); corporate shareholders as dividend; foreign non-corporate shareholders subject to 30% withholding on ~$0.25/share.
- Company obtained IRS private letter ruling confirming partial liquidation treatment, but final net proceeds from Walden sale undetermined, which could affect tax treatment.