Company Announces $0.70 per Share Dividend
SAN FRANCISCO--(BUSINESS WIRE)--
Fantex, Inc. announced that its Board of Directors has declared a
dividend of $0.70 per share for its Fantex Series Vernon Davis
Convertible Tracking Stock (Fantex Vernon Davis: Ticker VNDSL).
In its first Initial Public Offering of stock tied to the cash flows of
a professional athlete’s brand, Fantex, Inc. sold 421,100 shares of
Fantex Vernon Davis at $10 per share. That offering closed on April 28,
and secondary trading commenced later that day on the Fantex Brokerage
Services, LLC alternative trading system at Fantex.com.
“Fantex Vernon Davis is tied to the value and performance of Vernon
Davis’ brand, and we’re thrilled to announce our first dividend payment
to investors,” said Fantex CEO and co-founder Buck French.
The dividend is payable on August 18, 2014 to all Fantex Vernon Davis
stockholders of record as of the close of business on August 15, 2014.
The payment date follows the first time Vernon Davis is anticipated to
take the field in the San Francisco 49ers’ inaugural pre-season game at
the new Levi’s Stadium.
Based in San Francisco, Fantex Holdings serves as the parent company to
both Fantex, Inc. and Fantex Brokerage Services. Fantex, Inc. is a brand
building company that purchases a minority interest in an athlete brand
and works to increase the value of this brand. In order to fund the
purchase, Fantex, Inc. develops a tracking stock that is linked to the
economic performance of the brand. Fantex Brokerage Services is the
exclusive trading platform for tracking stocks that are issued by
Finn Partners for Fantex, Inc.
Howard Solomon, 415-272-0767
Source: Fantex, Inc.