A Holiday Cash-Back Bonus
On November 21, 2013, Pozen, Inc. (POZN) announced it would issue a special cash distribution of $1.75 per share to all stockholders of record as of the close of business on December 11, 2013, with an expected payment date of December 30, 2013. This distribution represents a surplus of corporate cash and is expected to be treated as a return of capital to stockholders. In the simplest terms, shareholders on December 11, 2013 will see a reduced costs basis of $1.75 per share and receive the $1.75 per share in cash on the 30th. Pozen issued the payment as a special return of capital and not a dividend so that the payment is...
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