NASDAQ OMX Outlines Google Corporate Action Index Changes Updated: 3/11/2014
On January 30th, Google, Inc. (NASDAQ:GOOG) announced that its Board of Directors approved the distribution of Class C shares as a dividend to stockholders. The Google Board of Directors has approved a distribution of shares of the Class C capital stock as a dividend to stockholders with a dividend record date of March 27, 2014 and a dividend payment date of April 2, 2014. As a result of this complex corporate action, this change will impact NASDAQ OMX® Indexes that include Google Class A Shares including NASDAQ OMX Global Index Data Service (GIDS 2.0), NASDAQ Global Index Watch (GIW), and all markets. Upon distribution, the Google Class C shares will be added to all NASDAQ OMX Indexes that contain Google Class A shares including, but not limited to, the NASDAQ-100 Index®, the NASDAQ Internet Index® and the NASDAQ OMX Global Index Family, effective prior to market open on the April 3, 2014, the ex-date of the distribution. Both classes of shares will remain temporarily in the Indexes until the next quarterly rebalancing on June 23rd, when the Class A shares will be removed from the Indexes.
Please visit the Global Index Watch website for a complete list of affected indexes and refer to the Frequently Asked Questions document for more details.
Where can I find additional information?
· For questions about NASDAQ OMX index products, please contact NASDAQ OMX Global Indexes at +1 301 978 8284.
· Refer to the NASDAQ OMX press release.
· Refer to the FAQ document.