Vericity jumps as shareholders flock to grab one-time cash payment

Vericity

07/11/2019 16:47

** Life insurance company's shares  VERY.O  up 40% at
$18.49% - top percentage gainer on Nasdaq
    ** Co after market close on Wed declared a special one-time
cash distribution of $6.25 per share to common stockholders of
record on Nov. 21, to be paid on Dec. 6  urn:newsml:reuters.com:*:nBw9vw76Ma
    ** Co says cash distribution is expected to total ~$93 mln
    ** Co says cash distribution should not constitute a taxable
dividend for U.S. federal and state income tax purposes
    ** Up to Wednesday's close, stock had risen nearly 10% since
co started trading publicly in August 

 (Reporting by Tamara Mathias in Bengaluru)
 ((Tamara.Mathias@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 806749 1208;))