AMC Entertainment Holdings Inc (Preferred) (APE)

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How does the issuance of AMC Preferred Equity work?

AMC will issue shares to Computershare their transfer agent. Computershare will send the shares to Depository Transfer Company DTC who will transfer the APE shares to various brokerages for distribution to the shareholders on date of record as of August 15, 2022. Shares will be in AMC shareholders brokerage accts on August 19 and APE shares will trade on NYSE August 22....this is JMO
It's up to DTC to find shareholders with real shares!!!!

Regarding taxing it is my impression dividends are taxed as ordinary income but stock splits are not taxed but please reference the article below for more info...

https://www.investopedia.com/ask/answers/101314/are-stock-dividends-and-stock-splits-taxed.asp#:~:text=Stock%20splits%20are%20generally%20not,split%2C%20no%20taxes%20are%20owed.

NB if any AMC retail investors have moved their AMC shares from brokerage acct. to direct registry I would suggest you call to confirm you will get your APE shares...I would call you former brokerage and direct registry.......again JMO