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VirnetX Declares Special Cash Dividend of $1.00 Per Share, Announces Ex-Dividend Date
ZEPHYR COVE, Nev., April 3, 2023 /PRNewswire/ -- On March 30, 2023, VirnetX Holding Corporation (NYSE: VHC) ("VirnetX"), an Internet security software and
About this update from Virnetx Holding Corp
[{"type":"text","content":"ZEPHYR COVE, Nev., April 3, 2023 /PRNewswire/ -- On March 30, 2023, VirnetX Holding Corporation (NYSE: VHC) (\"VirnetX\"), an Internet security software and technology company with patented technology for secure communications, announced that its Board of Directors has declared a special cash dividend of $1.00 per common share (the \"Special Dividend\"). The Special Dividend will be paid on or about April 17, 2023 to shareholders of record on April 10, 2023.\nThe New York Stock Exchange (\"NYSE\") has determined that VirnetX's shares will trade with \"due-bills\" representing an assignment of the right to receive the Special Dividend up through and inclusive of the payment date of April 17, 2023. The ex-dividend date will be April 18, 2023, the first business day following the payment date. Stockholders who sell their shares on or before the payment date will not be entitled to receive the Special Dividend. Due-bills obligate a seller of shares to deliver the dividend payable on such shares to the buyer. The due-bill obligations are settled customarily between the brokers representing the buyers and sellers of the shares. VirnetX has no obligation for either the amount of the due-bill or the processing of the due-bill. Buyers and sellers of VirnetX's shares should consult their broker before trading to be sure they understand the effect of the NYSE's due-bill procedures.\nThe tax treatment of holding common stock to any particular stockholder will depend on the stockholder's particular tax circumstances. VirnetX stockholders are urged to consult their tax advisor regarding the U.S. federal, state, local and foreign income and other tax consequences to them, in light of their particular investment or tax circumstances, of the receipt of the special dividend.\nAbout VirnetX\nVirnetX Holding Corporation is an Internet security software and technology company with patented technology for secure communications including 4G LTE and 5G security. VirnetX's software and technology solutions, including its Secure Domain Name Registry and Technology, VirnetX One™, VirnetX War Room™, VirnetX Matrix™, and Gabriel Connection Technology™, are designed to facilitate secure communications and to create a secure environment for real-time communication applications such as cloud computing, instant messaging, VoIP, smart phones, e-Readers and video...