FansUnite Completes Return of Capital Distribution

Rhea-AI Summary

FansUnite Entertainment Inc. (OTC Pink: FUNFF) has completed its return of capital distribution of C$0.0725 per share. The payment was processed on August 29, 2024, with eligible shareholders being those of record as of the close of business on August 26, 2024 (the Record Date). Shareholders do not need to take any action to receive the distribution, as payment will be automatically delivered to those eligible. This move represents a significant financial event for the company and its shareholders, potentially impacting the company's capital structure and shareholder value.

Positive

• Return of capital distribution of C$0.0725 per share completed
• Automatic payment delivery to eligible shareholders

Negative

• Reduction in company's capital

Vancouver, British Columbia--(Newsfile Corp. - August 29, 2024) - FansUnite Entertainment Inc. (OTC Pink: FUNFF) wishes to advise that payment in respect of the C$0.0725 per share return of capital (the "Distribution") was processed today. As previously announced, only shareholders of record as at the close of business on August 26, 2024 (the "Record Date") will receive their Distribution payment.

Shareholders do not need to take any action with respect to the Distribution. Payment will automatically be delivered to eligible shareholders of record as of the Record Date.

For further information, please contact:

FansUnite Entertainment Inc. ir@fansunite.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221564

FAQ

What is the amount of FansUnite's (FUNFF) return of capital distribution?

FansUnite Entertainment Inc. (FUNFF) completed a return of capital distribution of C$0.0725 per share.

When was the record date for FansUnite's (FUNFF) capital distribution?

The record date for FansUnite's (FUNFF) capital distribution was August 26, 2024, at the close of business.

When was the payment for FansUnite's (FUNFF) capital distribution processed?

The payment for FansUnite's (FUNFF) capital distribution was processed on August 29, 2024.

Do shareholders need to take any action to receive FansUnite's (FUNFF) capital distribution?

No, shareholders do not need to take any action. The distribution payment will be automatically delivered to eligible shareholders of record as of the Record Date.