Vistra Corp (VST)

[Enterprising Investor]

Vistra Energy Announces Special Dividend (12/08/16)

DALLAS, Dec. 8, 2016 /PRNewswire/ -- Vistra Energy (OTCQX: VSTE), the parent company for TXU Energy and Luminant, today announced that its board of directors has approved the payment of a special cash dividend of $2.32 per share of common stock (on a fully diluted basis) to stockholders of record at the close of business on December 19, 2016. The dividend is expected to be paid on December 30, 2016.

Payment of the special cash dividend is conditioned upon the closing of $1 billion aggregate principal amount of new term loans pursuant to an incremental amendment to the existing senior secured credit facility of Vistra Operations Company LLC, a subsidiary of Vistra Energy.

http://www.prnewswire.com/news-releases/vistra-energy-announces-special-dividend-300375678.html