Green Stream Holdings Inc. (OTCMKTS:GSFI) is in a range. The emerging solar utility and finance leader announced that its board recently approved a stock dividend to shareholders of one restricted common share for 100 common shares currently held.
On Monday, GSFI stock fell 1% at $0.0150 with more than 2.12 million shares, compared to its average volume of 3.02 million shares. The stock has moved within a range of $0.0122 – 0.0154 after opening the trade at $0.0151.
Board Approved Special Dividend Deadline Approaching
The company announced a courtesy to remind shareholders that to receive the shares, one has to be on records by the close of business on December 10, 2021. CEO James Diprima stated that the transaction entails the issuance of additional company shares to each shareholder having at least 100 shares as of the record date.
Shareholders will get one share of the common shares par value $0.001 par value for every 100 common shares held. The company will distribute in a pro-rata common share dividend form to every company shareholder on record as of December 10, 2201. Eligible shareholders don’t have to do anything for now. The distribution qualifies as tax-free distribution for US federal income tax uses. So in the coming weeks, GSFI is worth keeping an eye on.