MarketWise Declares Dividend on Common Stock
04 August 2023 - 6:15AM
MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a
leading multi-brand digital subscription services platform that
provides premium financial research, software, education, and tools
for self-directed investors, today announced that its Board of
Directors declared a quarterly cash dividend to holders of Class A
common stock of $0.01 per share. A comparable distribution of $0.01
per share has also been approved to holders of MarketWise, LLC
common units. The dividend and distribution will be paid on October
26, 2023, to shareholders and unitholders of record as of September
5, 2023.
Amber Lee Mason, Chief Executive Officer of
MarketWise commented, “Management and the Board are pleased to
provide shareholders our second quarterly dividend. Our balance
sheet and cash flow generation remain strong, allowing us to
maintain adequate levels of cash for operations, investment and
growth while providing a modest capital return to shareholders. We
believe this dividend continues to demonstrate confidence in our
operating strategy and our ability to generate sustainable cash
flows. We are committed to managing the Company’s capital and
cashflow in a way that rewards all stakeholders and creates
long-term shareholder value.”
About MarketWise
Founded with a mission to level the playing
field for self-directed investors, today MarketWise is a leading
multi-brand subscription services platform providing premium
financial research, software, education, and tools for
investors.
With more than 20 years of operating history,
MarketWise is currently comprised of 13 primary customer facing
brands, offering more than 200 products to our community of free
and paid subscribers. MarketWise’s products are a trusted source
for high-value financial research, education, actionable investment
ideas, and investment software. MarketWise is a 100% digital,
direct-to-customer company offering its research across a variety
of platforms including mobile, desktops, and tablets. MarketWise
has a proven, agile, and scalable platform and our vision is to
become the leading financial solutions platform for self-directed
investors.
Cautionary Statement Regarding
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements regarding the Company’s
performance and ability to generate cash flow. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions, but the absence of these words does not
mean that a statement is not forward-looking. Forward-looking
statements are predictions, projections, and other statements about
future events that are based on current expectations and
assumptions and, as a result, are subject to risks and
uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including those described in the “Risk Factors” section of
the Company’s most recently filed periodic reports on Forms 10-K
and 10-Q. The Company assumes no obligation to update or revise
these forward-looking statements for any reason, even if new
information becomes available in the future, unless required by
law.
MarketWise Investor Relations
Contact
Jonathan Shanfield - MarketWise Investor
RelationsJamie Lillis - Solebury Strategic Communications
(800) 290-4113Email: ir@marketwise.com
MarketWise Media Contact
Email: media@marketwise.com
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