Manning & Napier, Inc. Provides Updates
Manning & Napier, Inc. Class A (MN)
Last manning & napier, inc. class a earnings: 2/5 04:05 pm
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US:NYSE Investor Relations:
manning.com
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Source: PR Newswire
FAIRPORT, N.Y., April 22, 2020 /PRNewswire/ -- Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the Company") today announced the following Company updates: Manning & Napier's Board of Directors decided to suspend the Company's quarterly cash dividend of $0.02 per share to holders of Class A common stock. The previously declared $0.02/share dividend will be paid on May 1, 2020 as previously disclosed. The Board of Directors will continue to monitor the Company's ability to declare future dividends on a quarter-by-quarter basis during the course of its regularly scheduled quarterly meetings. Additionally, in early April two of the Company's subsidiaries, Manning & Napier Advisors, LLC and Rainier Investment Management, LLC, applied for an aggregate $6.7 million of loan assistance under the Paycheck Protection Program (PPP) as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Those applications have been approved and loan proceeds are anticipated t
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