Integrated Financial Holdings, Inc. Declares Special Dividend of its Ownership Interest in Dogwood State Bank
Integrated Financial Holdings, Inc. (OTCQX: IFHI) has announced a special stock dividend of its ownership in Dogwood State Bank to IFHI common shareholders. The distribution is set for September 23, 2024, with a record date of September 9, 2024. Based on current figures, shareholders are expected to receive approximately 0.4673 shares of Dogwood common stock for each IFHI share owned. This ratio may change depending on the number of IFHI shares outstanding on the record date. No fractional shares will be distributed; instead, cash will be provided in lieu of fractional shares. IFHI advises shareholders to consult financial or tax advisors regarding the implications of this special dividend.
Integrated Financial Holdings, Inc. (OTCQX: IFHI) ha annunciato un dividendo straordinario in azioni della sua partecipazione in Dogwood State Bank per gli azionisti comuni di IFHI. La distribuzione è prevista per il 23 settembre 2024, con una data di registrazione del 9 settembre 2024. Sulla base delle attuali cifre, gli azionisti dovrebbero ricevere circa 0.4673 azioni ordinarie di Dogwood per ogni azione di IFHI posseduta. Questo rapporto potrebbe variare in base al numero di azioni IFHI in circolazione alla data di registrazione. Non verranno distribuite azioni frazionarie; piuttosto, sarà fornito un pagamento in contanti al posto delle azioni frazionarie. IFHI consiglia agli azionisti di consultare consulenti finanziari o fiscali riguardo alle implicazioni di questo dividendo straordinario.
Integrated Financial Holdings, Inc. (OTCQX: IFHI) ha anunciado un dividendo especial en acciones de su participación en Dogwood State Bank para los accionistas comunes de IFHI. La distribución está programada para el 23 de septiembre de 2024, con una fecha de registro del 9 de septiembre de 2024. Según las cifras actuales, se espera que los accionistas reciban aproximadamente 0.4673 acciones ordinarias de Dogwood por cada acción de IFHI que posean. Esta proporción puede cambiar dependiendo del número de acciones de IFHI en circulación en la fecha de registro. No se distribuirán acciones fraccionarias; en su lugar, se proporcionará un pago en efectivo en lugar de acciones fraccionarias. IFHI aconseja a los accionistas que consulten a asesores financieros o fiscales sobre las implicaciones de este dividendo especial.
Integrated Financial Holdings, Inc. (OTCQX: IFHI)는 IFHI의 보통주 주주를 위해 Dogwood State Bank에 대한 소유권의 특별 주식 배당금을 발표했습니다. 배당금은 2024년 9월 23일로 예정되어 있으며, 기준일은 2024년 9월 9일입니다. 현재 수치를 기반으로, 주주들은 보유한 IFHI 주식 1주당 약 0.4673 주의 Dogwood 보통주를 받을 것으로 예상됩니다. 이 비율은 기준일 기준으로 유통 중인 IFHI 주식 수에 따라 변경될 수 있습니다. 분할주식은 분배되지 않으며, 대신 분할주식에 대한 현금이 지급됩니다. IFHI는 주주들에게 이 특별 배당금의 의미에 대해 금융 또는 세무 상담가와 상담할 것을 권장합니다.
Integrated Financial Holdings, Inc. (OTCQX: IFHI) a annoncé un dividende spécial en actions de sa participation dans la Dogwood State Bank pour les actionnaires ordinaires de IFHI. La distribution est prévue pour le 23 septembre 2024, avec une date d'enregistrement du 9 septembre 2024. Selon les chiffres actuels, les actionnaires devraient recevoir environ 0.4673 actions ordinaires de Dogwood pour chaque action d'IFHI détenue. Ce ratio peut changer en fonction du nombre d'actions IFHI en circulation à la date d'enregistrement. Aucune action fractionnaire ne sera distribuée; à la place, un paiement en espèces sera fourni en lieu et place des actions fractionnaires. IFHI conseille aux actionnaires de consulter des conseillers financiers ou fiscaux concernant les implications de ce dividende spécial.
Integrated Financial Holdings, Inc. (OTCQX: IFHI) hat eine besonderen Aktiendividende seiner Beteiligung an der Dogwood State Bank für die Stammaktionäre von IFHI angekündigt. Die Ausschüttung ist für den 23. September 2024 geplant, mit einem Stichtag am 9. September 2024. Basierend auf den aktuellen Zahlen wird erwartet, dass Aktionäre etwa 0.4673 Aktien der Dogwood-Stammaktie für jede gehaltene IFHI-Aktie erhalten. Dieses Verhältnis kann sich ändern, abhängig von der Anzahl der ausstehenden IFHI-Aktien am Stichtag. Es werden keine Bruchstücke ausgegeben; stattdessen wird eine Barzahlung anstelle von Bruchstücken bereitgestellt. IFHI empfiehlt den Aktionären, Finanz- oder Steuerberater bezüglich der Auswirkungen dieser besonderen Dividende zu konsultieren.
- Distribution of valuable Dogwood State Bank shares to IFHI shareholders
- Potential for increased shareholder value through ownership in two separate entities
- Reduction in IFHI's assets and potential future earnings from Dogwood State Bank
- Possible tax implications for shareholders receiving the special dividend
RALEIGH. N.C., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Integrated Financial Holdings, Inc. (OTCQX: IFHI) (the “Company” or “IFHI”), the financial holding company for West Town Bank & Trust and Windsor Advantage, LLC, announced today that its board of directors has approved distribution of a special stock dividend to its common stock shareholders of all of the shares of common stock of Dogwood State Bank (“Dogwood”) owned by IFHI. The distribution of the Dogwood shares will be made to all IFHI shareholders of record as of September 9, 2024 (the “Record Date”). The distribution of the Dogwood shares is expected to take place on September 23, 2024 (the “Distribution Date”), to IFHI shareholders as of the Record Date. The distribution will take place in the form of a pro rata dividend of Dogwood shares.
The distribution ratio with respect to the number of shares of Dogwood common stock that will be paid per share of IFHI common stock will be determined on the Record Date. Such ratio will be calculated by dividing the number of shares of Dogwood common stock owned by IFHI on the Record Date by the number of shares of IFHI common stock outstanding on such date. Based on the number of shares of IFHI common stock outstanding on August 27, 2024, and the number of shares of Dogwood’s common stock owned by IFHI as of such date, the approximate distribution ratio to IFHI shareholders as of the Record Date would be 0.4673 shares of Dogwood common stock for each share of IFHI common stock owned. This ratio is subject to change based on any changes in the number of IFHI shares of common stock outstanding between such date and the Record Date.
No fractional shares of Dogwood common stock will be distributed. Instead, IFHI shareholders will receive cash in lieu of any fraction of a share of Dogwood stock that they otherwise would have received.
IFHI shareholders are encouraged to consult their own financial and/or tax advisors regarding the specific implications of the special dividend of Dogwood shares.
ABOUT INTEGRATED FINANCIAL HOLDINGS, INC.
Integrated Financial Holdings, Inc. is a financial holding company based in Raleigh, North Carolina. The Company is the holding company for West Town Bank & Trust, an Illinois state-chartered bank. West Town Bank & Trust provides banking services through its full-service office located in the greater Chicago area. The Company is also the parent company of Windsor Advantage, LLC, a loan service provider that offers community banks and credit unions with a comprehensive outsourced U.S. Small Business Association (“SBA”) 7(a) and U.S. Department of Agriculture (“USDA”) lending platform. The Company is registered with and supervised by the Federal Reserve. West Town Bank & Trust’s primary regulators are the Illinois Department of Financial and Professional Regulation and the FDIC. For more information, visit https://ifhinc.com/.
Important Note Regarding Forward-Looking Statements
This release contains certain forward-looking statements. These statements can be identified by the use of words such as “would,” "expect," "anticipate," "estimate," "believe," “intend,” “plan,” variations of these words, and other similar expressions. Forward-looking statements in this release include statements by IFHI regarding its expectations concerning the expected timing, completion and amount of the distribution of the special dividend of Dogwood stock to IFHI shareholders and related matters. The expectations expressed or implied in these forward-looking statements may not turn out to be correct. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of the management of IFHI and on the information available to management at the time this release was prepared. Readers should not place undue reliance on forward-looking statements, which speak only as of the date of this release. IFHI does not undertake to update, and expressly disclaims any duty to update, its forward-looking statements, whether as a result of circumstances or events that arise after the date such statements are made, new information, or otherwise.
Contact: Steve Crouse, 919-861-8018
FAQ
What is the special dividend announced by Integrated Financial Holdings (IFHI)?
When is the record date for IFHI's special dividend of Dogwood State Bank shares?
What is the distribution date for IFHI's Dogwood State Bank shares?
How many Dogwood State Bank shares will IFHI shareholders receive per IFHI share?
Will IFHI distribute fractional shares of Dogwood State Bank?
