Welcome to our dedicated page for EGDW news (Ticker: EGDW), a resource for investors and traders seeking the latest updates and insights on EGDW stock.
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Edgewater Bancorp, Inc. (EGDW) announced an initial cash distribution of $41.00 per share to stockholders of record as of November 8, 2021, to be initiated on November 9, 2021. This follows an approved voluntary Plan of Dissolution after a special shareholder meeting on April 20, 2021. The company is winding down operations and has established tax reserves amid changes in federal corporate tax rates. A potential second distribution of up to $2.44 per share may be made in 2022. Trading of EGDW has ceased on the OTC Pink Market.
Edgewater Bancorp, Inc. (OTCPK: EGDW) has voluntarily dissolved under Maryland law, winding up operations and preparing to distribute cash assets to stockholders. Each share is expected to yield between $41.00 and $43.44, with distributions planned for around November 9, 2021. Stockholders holding printed stock certificates must return them to Computershare by November 2, 2021, to receive their distribution. Edgewater's common stock remains quoted on the OTC Pink marketplace, but trading may cease once distributions are made.
