Business
Green Stream Holdings Inc (GSFI) Announces Declaration of a Special Common Stock Dividend
Green Stream Holdings Inc (GSFI) Announces Declaration of a Special Common Stock Dividend.
About this update from Green Stream Holdings Inc.
[{"type":"text","content":"Company will be Applying to Issue Restricted Shares by June 30, 2019 to Holders of Common Stock.MALIBU, CA / ACCESSWIRE / June 5, 2020 / Green Stream Holdings Inc. (OTC PINK:GSFI) a holding company of Green Stream Finance, Inc. its Board of Directors has agreed to apply to a special stock dividend (the "Distribution") to Green Stream Holdings Inc. stockholders of 20 shares of restricted common stock for every 1000 shares of common stock presently owned.The Distribution of the special stock dividend will be on date to be determined shortly (the "Distribution Date") to all Green Stream stockholders of common shares recorded on the record date yet to be determined shortly. The Distribution will take place in the form of a pro rata common stock dividend to each Green Stream stockholder of record on the Distribution Date.No fractional shares of common stock will be distributed. Instead, Green Stream stockholders will receive a number rounded to the next highest number. The Distribution is intended to qualify as tax free to Green Stream stockholders for U.S. federal income tax purposes.No vote or action is required by Green Stream's stockholders in order to receive the Distribution, which is subject to certain customary conditions, which conditions are expected to be satisfied on or prior to the distribution date.About Green Stream Finance, Inc.Green Stream Finance, Inc., a Wyoming-based corporation with satellite offices in Malibu, CA and New York, NY, is focused on exploiting currently unmet markets in the solar energy space, and is currently licensed in California, Nevada, Arizona, Washington, New York, New Jersey, Massachusetts, New Mexico, Colorado, Hawaii, and Canada. The Company's next-generation solar greenhouses, constructed and managed by Green Rain Solar, LLC, a Nevada-based division, utilize proprietary greenhouse technology and trademarked design developed by world-renowned architect Mr. Antony Morali. The Company is currently targeting high-growth solar market segments for its advanced solar greenhouse and advanced solar battery products. The Company has a growing footprint in the significantly underserved solar market in New York City where it is targeting 50,000 to 100,000 square feet of rooftop space for the installation of its solar panels. Green Stream is looking to forge key partnership ...