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Grand Canyon Education, Inc. (LOPE) Message Board

  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Dec 31, 2008 10:50 AM Flag



    "We will pay a special distribution of 75% of the gross proceeds of this offering, including any proceeds we receive from the underwriters’ exercise of their over-allotment option, that will be paid promptly upon the completion of this offering (and following the exercise of the over-allotment option, if applicable) to our stockholders of record as of November 18, 2008. Of the aggregate amount of the special distribution of $94.5 million (exclusive of any amounts that may be received from the underwriters’ exercise of the over-allotment option), based on the initial public offering price of $12.00 per share, $50.2 million will be paid in respect of shares of our capital stock over which our directors and executive officers are deemed to exercise sole or shared voting or investment power."

    "Except as described under 'Special Distribution' above, we do not anticipate declaring or paying any cash dividends on our common stock in the foreseeable future."

    Why the inconsistency? Do they need to conserve capital or not?

    This topic is deleted.
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