Global Tech Industries Group, Inc. plans to offer restricted share dividend to its shareholders
Global Tech Industries Group, Inc. (GTII) announced on March 10, 2023, that its board has authorized a dividend for shareholders at a ratio of 1 share for every 10 shares owned, pending FINRA approval. This initiative reflects the Company’s commitment to rewarding its investors, although the record date is yet to be determined. The dividend issuance is contingent upon compliance with FINRA’s guidelines. GTII specializes in acquiring innovative technologies and aims to keep shareholders updated on the process.
- Dividend issuance approved at a 1:10 ratio, enhancing shareholder value.
- Reliance on FINRA approval could delay the dividend distribution.
New York, NY, March 10, 2023 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that its board of directors has authorized and approved management to take all steps necessary to issue a dividend to its shareholders in the form of restricted shares, at a ratio of 1 share for every 10 shares owned as of a to-be-decided record date. The dividend offering is subject to FINRA’s guidelines regarding such actions, including the filing of a corporate action request by the Company, which will then be subject to FINRA’s final approval. The Company will keep its shareholders informed as to its progress throughout the process.
About Global Tech Industries Group, Inc.:
GTII is a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies. Visit GTII here https://gtii-us.com/.
Please follow our Company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.com/
Safe Harbor Forward-Looking Statements:
This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company’s most recent SEC filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.
Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.
Global Tech Industries Group, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com
FAQ
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