Special dividend

180 Degree Capital Corp. Issues Public Letter to Employees and Common Stockholders of Comscore, Inc.

Retrieved on: 
Monday, March 6, 2023

Shift Board compensation for employees of Preferred Stockholders and/or reduce the size of SCOR’s Board.

Key Points: 
  • Shift Board compensation for employees of Preferred Stockholders and/or reduce the size of SCOR’s Board.
  • We’ve focused our discussion above on steps we believe SCOR’s Board can take for the benefit of employees and common stockholders.
  • It is up to our company’s Board to take the right steps to benefit you, SCOR’s hardworking employees and long-suffering common stockholders.
  • We encourage other common stockholders and employees to voice their opinions and desire for change, as staying silent enables SCOR’s Board and Preferred Stockholders to maintain the status quo to the detriment of common stockholders and employees.

Acadia Realty Trust Reports Fourth Quarter and Full Year 2022 Operating Results

Retrieved on: 
Tuesday, February 14, 2023

No Core Portfolio acquisitions were completed for the quarter ended December 31, 2022.

Key Points: 
  • No Core Portfolio acquisitions were completed for the quarter ended December 31, 2022.
  • For the full year 2022, the Company completed Core Portfolio acquisitions of $246.7 million.
  • In December 2022, the Company completed the disposition of 330-340 River Street at attractive pricing for $26.4 million.
  • Please refer to the Company's fourth quarter 2022 supplemental information package for additional details.

Albertsons Companies Announces Special Dividend Payment Date

Retrieved on: 
Thursday, January 19, 2023

Albertsons Companies, Inc. (NYSE: ACI) (the “Company”) today announced that the payment date for its previously announced $6.85 per common share Special Dividend (the “Special Dividend”), originally scheduled to be paid November 7, 2022, is now going to be paid on January 20, 2023 to stockholders of record as of the close of business on October 24, 2022.

Key Points: 
  • Albertsons Companies, Inc. (NYSE: ACI) (the “Company”) today announced that the payment date for its previously announced $6.85 per common share Special Dividend (the “Special Dividend”), originally scheduled to be paid November 7, 2022, is now going to be paid on January 20, 2023 to stockholders of record as of the close of business on October 24, 2022.
  • The payment of the Special Dividend follows the lifting of the temporary restraining order on January 17, 2023 by the Supreme Court of the State of Washington.
  • The temporary restraining order had enjoined the Company from paying the Special Dividend.
  • The “forward-looking statements” include our current expectations, assumptions, estimates and projections about the Special Dividend and the payment thereof.

Albertsons Companies Issues Statement Regarding State of Washington Supreme Court’s Denial of Washington State Attorney General’s Motion for Review

Retrieved on: 
Wednesday, January 18, 2023

Albertsons Companies, Inc. (NYSE: ACI) (“Albertsons Cos.” or “the Company”) today announced that the State of Washington’s Supreme Court has denied a motion by the Attorney General of the State of Washington to hear an appeal from the trial court’s denial of its request to enjoin the Company from paying its previously announced $6.85 per common share Special Dividend (the “Special Dividend”), originally scheduled to be paid November 7, 2022.

Key Points: 
  • Albertsons Companies, Inc. (NYSE: ACI) (“Albertsons Cos.” or “the Company”) today announced that the State of Washington’s Supreme Court has denied a motion by the Attorney General of the State of Washington to hear an appeal from the trial court’s denial of its request to enjoin the Company from paying its previously announced $6.85 per common share Special Dividend (the “Special Dividend”), originally scheduled to be paid November 7, 2022.
  • The temporary restraining order preventing the payment of the Special Divided has been lifted as a result of the decision.
  • Albertsons Cos. will immediately begin the process of paying the Special Dividend and amounts will be distributed as soon as practicable to stockholders of record as of the close of business on October 24, 2022.
  • Albertsons Cos.’ proposed merger with The Kroger Co. is continuing through required regulatory review, including seeking clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

Albertsons Companies, Inc. Reports Third Quarter Fiscal 2022 Results

Retrieved on: 
Tuesday, January 10, 2023

Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the third quarter of fiscal 2022, which ended December 3, 2022.

Key Points: 
  • Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the third quarter of fiscal 2022, which ended December 3, 2022.
  • Net sales and other revenue was $18.2 billion during the 12 weeks ended December 3, 2022 ("third quarter of fiscal 2022") compared to $16.7 billion during the 12 weeks ended December 4, 2021 ("third quarter of fiscal 2021").
  • Gross margin rate decreased to 28.2% during the third quarter of fiscal 2022 compared to 28.9% during the third quarter of fiscal 2021.
  • Interest expense, net was $84.3 million during the third quarter of fiscal 2022 compared to $111.3 million during the third quarter of fiscal 2021.

Acadia Realty Trust Provides Update on Albertsons Special Dividend

Retrieved on: 
Thursday, January 5, 2023

Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today gave an update on the status of the Special Dividend (the “Special Dividend”) that it expected to receive from Albertsons Companies, Inc. (“Albertsons”) in the fourth quarter of 2022.

Key Points: 
  • Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today gave an update on the status of the Special Dividend (the “Special Dividend”) that it expected to receive from Albertsons Companies, Inc. (“Albertsons”) in the fourth quarter of 2022.
  • Acadia expected to recognize its pro rata share of the Special Dividend of approximately $0.11 per Acadia share in the fourth quarter of 2022.
  • On November 3, 2022, Albertsons announced that the Attorney General of the State of Washington had been granted a temporary restraining order (“TRO”) preventing Albertsons from paying the Special Dividend, pending a hearing originally scheduled for November 10, 2022, which was then ultimately delayed to later dates in December 2022.
  • On January 2, 2023, Albertsons further announced that their motion for an expedited review had been granted.

Albertsons Companies Provides Update on Legal Proceedings in State of Washington Surrounding Special Dividend

Retrieved on: 
Monday, January 2, 2023

Albertsons Companies, Inc. (NYSE: ACI) (“Albertsons Cos.” or “the Company”) announced that the State of Washington Supreme Court has granted the Company’s motion to hold an expedited review of the temporary restraining order (“TRO”) against the Company’s previously announced $6.85 per common share Special Dividend (the “Special Dividend”).

Key Points: 
  • Albertsons Companies, Inc. (NYSE: ACI) (“Albertsons Cos.” or “the Company”) announced that the State of Washington Supreme Court has granted the Company’s motion to hold an expedited review of the temporary restraining order (“TRO”) against the Company’s previously announced $6.85 per common share Special Dividend (the “Special Dividend”).
  • The date for the review has been moved forward to January 17, 2023, having previously been set for February 9, 2023.
  • Albertsons’ position has been supported by favorable rulings in both Circuit and District courts in the District of Columbia and a Washington State court.
  • Albertsons Cos.’ proposed merger with The Kroger Co. is continuing through required regulatory review, including seeking clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

Albertsons Companies Provides Updates on Legal Proceedings Surrounding Special Dividend

Retrieved on: 
Wednesday, December 21, 2022

Albertsons Companies, Inc. (NYSE: ACI) (“Albertsons Cos.” or “the Company”) announced that on December 19, 2022, the State of Washington Supreme Court set a date for the review of the temporary restraining order (“TRO”) against the Company’s previously announced $6.85 per common share Special Dividend (the “Special Dividend”).

Key Points: 
  • Albertsons Companies, Inc. (NYSE: ACI) (“Albertsons Cos.” or “the Company”) announced that on December 19, 2022, the State of Washington Supreme Court set a date for the review of the temporary restraining order (“TRO”) against the Company’s previously announced $6.85 per common share Special Dividend (the “Special Dividend”).
  • The TRO will remain in effect until there is a further order issued by the Washington Supreme Court.
  • Albertsons Cos. has filed a motion to further expedite the Washington Supreme Court’s en banc review.
  • Albertsons’ position has been supported by favorable rulings in both Circuit and District courts in the District of Columbia and a Washington State court.

Albertsons Companies Issues Statement Regarding Washington Supreme Court’s Decision to Extend the Temporary Restraining Order Against its Previously Announced Special Dividend Payment

Retrieved on: 
Saturday, December 17, 2022

Albertsons Companies, Inc. (NYSE: ACI) (“Albertsons Cos.” or “the Company”) today announced that the State of Washington Supreme Court has continued the temporary restraining order (“TRO”) against the Company’s previously announced $6.85 per common share Special Dividend (the “Special Dividend”) while the Washington Supreme Court considers if it will hear the state’s appeal.

Key Points: 
  • Albertsons Companies, Inc. (NYSE: ACI) (“Albertsons Cos.” or “the Company”) today announced that the State of Washington Supreme Court has continued the temporary restraining order (“TRO”) against the Company’s previously announced $6.85 per common share Special Dividend (the “Special Dividend”) while the Washington Supreme Court considers if it will hear the state’s appeal.
  • The TRO will remain in effect until there is a further order issued by the Court.
  • Albertsons Cos. has filed a motion to expedite the Washington Supreme Court’s review.
  • The “forward-looking statements” include our current expectations, assumptions, estimates and projections about the Special Dividend and the payment thereof.

Albertsons Companies Issues Statement Regarding the Denial of a Request for Preliminary Injunction by the Attorney General of the State of Washington and Extension of the Temporary Restraining Order on its Special Dividend Payment

Retrieved on: 
Saturday, December 10, 2022

The Washington State Court has extended the existing temporary restraining order (TRO) until 4:30 p.m. PST on December 19, 2022, to give the Attorney General of the State of Washington an opportunity to appeal todays ruling.

Key Points: 
  • The Washington State Court has extended the existing temporary restraining order (TRO) until 4:30 p.m. PST on December 19, 2022, to give the Attorney General of the State of Washington an opportunity to appeal todays ruling.
  • Albertsons Cos. awaits a ruling on the request for a preliminary injunction filed December 1, 2022, by the California, Illinois and District of Columbia Attorneys General against the payment of the Special Dividend.
  • On November 8, 2022, the U.S. District Court for the District of Columbia denied their request for a temporary restraining order against the payment of the Special Dividend.
  • The forward-looking statements include our current expectations, assumptions, estimates and projections about the Special Dividend and the payment thereof.