Overstock Granted DTC Eligibility for Digital Voting Series A-1 Preferred Stock
Overstock.com, Inc. (OSTK)
Last overstock.com, inc. earnings: 11/12 08:00 am
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Source: GlobeNewswire
SALT LAKE CITY, April 08, 2020 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK) announces that, as expected, The Depository Trust Company (DTC) granted eligibility to the company’s Digital Voting Series A-1 Preferred Stock, OSTKO, on April 7, 2020. DTC eligibility allows shares of OSTKO to be eligible for depository and book-entry services at DTC. “This is a long-awaited moment for Overstock and our shareholders, as DTC’s grant of eligibility removes a hurdle to issuing our innovative digital dividend,” said Overstock CEO Jonathan Johnson. “DTC eligibility will make the dividend easier for broker dealers to process on behalf of our shareholders.” Overstock expects NASDAQ to issue an ex-dividend date in the coming days. The company continues to provide detailed information on the divided, including a timeline and answers to frequently asked questions (FAQs), on its website at https://www.overstock.com/dividend. Investor Notice This press release does not constitute an offer
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