Welcome to our dedicated page for Thomson Reuters news (Ticker: TRI), a resource for investors and traders seeking the latest updates and insights on Thomson Reuters stock.
Thomson Reuters reports developments across its content, software and technology businesses for legal, tax, audit, accounting, compliance, government and media professionals. Company news commonly covers results for its Legal Professionals, Corporates and Tax, Audit & Accounting Professionals segments, including recurring revenue trends, transaction revenue, Global Print, adjusted EBITDA, free cash flow and outlook updates.
Updates also cover products and partnerships tied to Westlaw, CoCounsel and Reuters News, along with capital actions such as dividends, share repurchases, returns of capital and share consolidation transactions. TRI news may also include investor conference appearances and shareholder voting or court approvals for corporate arrangements.
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On April 26, 2023, Thomson Reuters (NYSE/TSX: TRI) filed its management proxy circular for the upcoming annual meeting, where shareholders will vote on a proposed return of capital transaction. This transaction involves a cash distribution of US$4.67 per common share, totaling around US$2.2 billion, and a share consolidation (reverse stock split) based on the share's trading price. The distribution is generally expected to be tax-free for Canadian shareholders, with an opt-out option available for shareholders in other jurisdictions to potentially avoid unfavorable tax consequences. The shareholder meeting is scheduled for June 14, 2023, at 12:00 p.m. EDT, and will be webcasted. Shareholders as of April 21, 2023, are entitled to vote.