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January 3, 2014
17:45 EDTGLPIGaming and Leisure Properties declares $11.85 per share special dividend
Gaming and Leisure Properties announced that its board declared a special dividend to shareholders in connection with its previously announced intention to qualify as a real estate investment trust in 2014 following its separation from Penn National Gaming (PENN) on November 1, 2013. The special dividend of $1.05B, or approximately $11.85 per share, will be paid on February 18 to shareholders of record on January 13. The amount of cash to be distributed will be $210M, or 20% of the total distribution, with the remainder to be paid in shares of GLPI common stock. Although the company does not anticipate the need for a further dividend to complete the purge of its historical earnings and profits, if the company later determines that a subsequent dividend is necessary to qualify as a REIT in 2014, it would expect to declare and pay an additional dividend of earnings and profits no later than December 31.
News For GLPI From The Last 14 Days
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May 13, 2015
14:32 EDTGLPIISS recommends Pinnacle shareholders vote for six proposals protecting rights
UNITE HERE announced that proxy advisory firm Institutional Shareholder Services recommends shareholders of Pinnacle Entertainment (PNK) support six shareholder proposals aiming to protect shareholder rights in the event of a spin-off. The proposals address shareholder rights at any spin-off company, including managementís proposal to spin-off real estate assets into a new REIT, or Gaming and Leisure Propertiesí (GLPI) alternative plan to spin-off an operating company and then acquire the remaining real estate assets. UNITE HERE submitted the package of corporate governance proposals for the May 19 Annual Meeting.
May 12, 2015
07:50 EDTGLPIWells Fargo to hold a conference
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May 11, 2015
08:36 EDTGLPIPinnacle deal a significant catalyst for Gaming and Leisure, says Susquehanna
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