Thomson Reuters Announces Cash Distribution Per Share and Share Consolidation Ratio for Return of Capital and Share Consolidation Transactions

Rhea-AI Summary

Thomson Reuters (TSX/Nasdaq: TRI) announced a special cash distribution of US$1.435518 per common share (US$605 million aggregate) and a proportional share consolidation at a ratio of 1 pre-consolidated share for 0.984560 post-consolidated shares. Effective 3:01 a.m. (Toronto time) on May 4, 2026, shares will trade on a post-consolidated basis with the same ticker TRI. New CUSIP: 884903881, new ISIN: CA8849038812. Opting-out shareholders will not receive the cash distribution but will have their shares consolidated. Fractional shares will be paid in cash. Shareholders should review the Circular for tax details.

AI-generated analysis. Not financial advice.

Positive

• Special cash distribution of US$1.435518 per share (US$605M aggregate)
• Share consolidation ratio set at 1→0.984560, effective May 4, 2026
• Ticker remains TRI; new CUSIP and ISIN provided

Negative

• Opt-out shareholders will not receive the cash distribution
• Canadian and U.S. tax consequences are complex for shareholders
• Fractional shares will be settled for cash

News Market Reaction – TRI

-0.15%

1 alert

-0.15% News Effect

On the day this news was published, TRI declined 0.15%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Cash distribution per share: US$1.435518 per common share Aggregate distribution: US$605 million Share consolidation ratio: 1 pre-consolidated share for 0.984560 post-consolidated shares +4 more

7 metrics

Cash distribution per share US$1.435518 per common share Return of capital transaction effective May 4, 2026

Aggregate distribution US$605 million Total return of capital for participating shareholders

Share consolidation ratio 1 pre-consolidated share for 0.984560 post-consolidated shares Reverse stock split proportional to cash distribution

Effective time 3:01 a.m. (Toronto time) on May 4, 2026 Return of capital and consolidation effectiveness

Post-consolidation trading date May 4, 2026 Shares begin trading on a post-consolidated basis on TSX and Nasdaq

New CUSIP 884903881 Identifier for post-consolidated common shares

New ISIN CA8849038812 Identifier for post-consolidated common shares

Market Reality Check

Price: $85.86 Vol: Volume 1,640,789 is at 0....

normal vol

$85.86 Last Close

Volume Volume 1,640,789 is at 0.93x the 20-day average of 1,755,705, suggesting typical trading interest ahead of the capital return. normal

Technical Shares trade below the 200-day moving average of 135.42, so the capital return occurs after a period of price weakness.

Peers on Argus

TRI is up 2.57% while major peers like RELX (-0.98%), CTAS (-3.58%) and CPRT (-0...

TRI is up 2.57% while major peers like RELX (-0.98%), CTAS (-3.58%) and CPRT (-0.70%) are down, indicating a stock-specific reaction rather than an industry-wide move.

Common Catalyst Only one peer, RB Global, reported routine voting results, reinforcing that TRI’s activity is driven by its own capital return plan.

Historical Context

5 past events · Latest: Apr 30 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 30	Court approval update	Neutral	+2.6%	Final court approval for US$605M return of capital and share consolidation.
Apr 29	Conference appearance	Neutral	+3.8%	Announcement of Barclays conference presentation by senior management team.
Apr 28	Shareholder approval	Neutral	+3.8%	Shareholders approve US$605M special distribution and reverse stock split plan.
Apr 14	Opt-out reminder	Neutral	+5.1%	Reminder on opt-out alternative for non-Canadian taxable shareholders.
Apr 01	Earnings scheduling	Neutral	-2.1%	Scheduling of Q1 2026 earnings release and webcast on May 5.

Pattern Detected

Recent headlines around the US$605M return of capital and share consolidation have been followed by positive single-day moves between 2.57% and 5.06%, suggesting investors have consistently welcomed this transaction.

Recent Company History

Over April 2026, Thomson Reuters repeatedly updated investors on a planned US$605 million special cash distribution and proportional share consolidation, covering opt-out options, shareholder approval, and court clearance. Each of these announcements saw positive one-day moves between 2.57% and 5.06%. Alongside this capital return process, the company also scheduled its Q1 2026 earnings release for May 5, 2026, keeping near-term fundamental catalysts on the calendar.

Market Pulse Summary

This announcement finalizes key mechanics of Thomson Reuters’ capital return, specifying a US$1.4355...

Analysis

This announcement finalizes key mechanics of Thomson Reuters’ capital return, specifying a US$1.435518 cash distribution per share and a 1-for-0.984560 share consolidation effective May 4, 2026. It follows shareholder and court approvals of the US$605 million return-of-capital plan. Investors may focus on how the reverse split affects share count optics and on the upcoming May 5, 2026 earnings release for updated fundamentals alongside the altered capital structure.

Key Terms

return of capital, share consolidation, reverse stock split, cusip, +2 more

6 terms

return of capital financial

"cash distribution per share and the share consolidation ratio for its return of capital"

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

share consolidation financial

"cash distribution per share and the share consolidation ratio for its return of capital and share consolidation transactions"

Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.

reverse stock split financial

"a consolidation of the company's outstanding common shares (or "reverse stock split") at a ratio"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

cusip financial

"The new CUSIP number for the post-consolidated common shares is 884903881"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

isin financial

"the new ISIN number is CA8849038812"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

volume weighted average trading price financial

"ratio was based on the volume weighted average trading price of the shares on the Nasdaq"

Volume weighted average trading price (VWAP) is the average price of a security over a set period, calculated by giving more weight to prices where more shares were traded — in other words, prices with higher volume count more. Investors use VWAP as a benchmark to judge trade execution and market activity: it helps tell whether a buy or sell occurred at a better or worse price than the market’s typical traded level, like comparing your purchase to the crowd’s average.

AI-generated analysis. Not financial advice.

Participating shareholders to receive cash distribution of US$1.435518 per common share

Shares to begin trading on a post-consolidated basis on May 4, 2026

TORONTO, May 1, 2026 /PRNewswire/ -- Thomson Reuters (TSX/Nasdaq: TRI) today announced the cash distribution per share and the share consolidation ratio for its return of capital and share consolidation transactions, which have received the requisite approvals and will be effective at 3:01 a.m. (Toronto time) on May 4, 2026. The company's common shares will begin trading on the Toronto Stock Exchange (TSX) and the Nasdaq on a post-consolidated basis when the markets open on May 4, 2026. The company's trading symbol will remain "TRI" on both exchanges. The new CUSIP number for the post-consolidated common shares is 884903881 and the new ISIN number is CA8849038812.

• The return of capital and share consolidation transactions consist of a distribution of US$1.435518 per common share (US$605 million in the aggregate) and a consolidation of the company's outstanding common shares (or "reverse stock split") at a ratio of 1 pre-consolidated share for 0.984560 post-consolidated shares. The share consolidation is proportional to the special cash distribution and the share consolidation ratio was based on the volume weighted average trading price of the shares on the Nasdaq for the five trading day period which ended today.
• Eligible shareholders who duly exercised their right to opt out of the return of capital will not receive the cash distribution. Each opting-out shareholder will still participate in the transactions through a share exchange and the share consolidation, but will continue to hold the same number of shares that it currently holds. Such opting-out shareholders will realize a proportionate increase in their equity and voting interests in the company by virtue of the consolidation of the participating shares under the share consolidation.

As promptly as practicable after the transactions are effective, Computershare Investor Services Inc., the company's depositary for the transactions, will deliver cash distribution amounts to registered participating shareholders, subject to the terms and conditions of the transactions. The effects of the share consolidation will be reflected in the company's share register. Beneficial or non-registered shareholders participating in the return of capital will receive cash distributions from their intermediary and the effects of the share consolidation will be recorded in their accounts.

Fractional shares will not be issued as part of the return of capital and share consolidation transactions and shareholders will receive the value of any fractional shares in cash, subject to certain exceptions described in the company's management proxy circular dated March 13, 2026 (the "Circular").

The Canadian and U.S. tax consequences of the return of capital and share consolidation transactions are complex. Shareholders are encouraged to review the Circular and related materials carefully and to consult their financial, tax and legal advisors.

Further details of the return of capital and share consolidation transactions are described in the Circular and related materials, which are available on www.thomsonreuters.com/2026specialmeeting. The return of capital and share consolidation documents were previously filed with the Canadian securities regulatory authorities on SEDAR+ and are available at www.sedarplus.ca. The documents were also furnished to the U.S. Securities and Exchange Commission through EDGAR and are available at www.sec.gov.  

About Thomson Reuters

Thomson Reuters (TSX/Nasdaq: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth and transparency. Reuters, part of Thomson Reuters, is the world's leading provider of trusted journalism and news. For more information, visit thomsonreuters.com.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this news release are forward-looking within the meaning of applicable Canadian and U.S. securities laws, including the Private Securities Litigation Reform Act of 1995, including statements relating to the completion of the return of capital and share consolidation transactions and the anticipated tax treatment for shareholders participating in the return of capital and those opting out. These forward-looking statements are based on certain assumptions and reflect our company's current expectations. As a result, forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the risk factors discussed in materials that Thomson Reuters from time to time files with, or furnishes to, the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission. There is no assurance that the return of capital and share consolidation transactions will be completed or that other events described in any forward-looking statement will materialize. Except as may be required by applicable law, Thomson Reuters disclaims any obligation to update or revise any forward-looking statements.

CONTACTS
MEDIA
Zoe Zanettos
Director, Corporate Affairs
+1 647 202 8948
zoe.zanettos@thomsonreuters.com 

INVESTORS
Gary E. Bisbee, CFA
Head of Investor Relations 
+1 646 540 3249
gary.bisbee@thomsonreuters.com 

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SOURCE Thomson Reuters

FAQ

What cash distribution did Thomson Reuters (TRI) announce for May 2026?

A cash distribution of US$1.435518 per common share. According to the company, the distribution totals US$605 million in the aggregate and will be paid to participating shareholders after the transactions are effective.

What is the share consolidation ratio for Thomson Reuters (TRI) and when is it effective?

The consolidation ratio is 1 pre-consolidated share for 0.984560 post-consolidated shares. According to the company, the consolidation is effective at 3:01 a.m. Toronto time on May 4, 2026, and trading will reflect post-consolidated shares that day.

Will Thomson Reuters (TRI) change its ticker or CUSIP after the consolidation?

The trading symbol will remain TRI on TSX and Nasdaq. According to the company, the new CUSIP is 884903881 and the new ISIN is CA8849038812 for post-consolidated shares.

What happens if a shareholder opted out of the return of capital for TRI?

Opting-out shareholders will not receive the cash distribution but will still undergo the share consolidation. According to the company, they will hold the same number of shares pre-consolidation and realize a proportionate increase in equity and voting interest.

How will fractional Thomson Reuters (TRI) shares be handled after consolidation?

Fractional shares will not be issued; holders will receive cash in lieu of fractions. According to the company, cash payments for fractional shares are subject to exceptions described in the company Circular dated March 13, 2026.

Are there tax implications for the TRI return of capital and consolidation for shareholders?

Yes. The Canadian and U.S. tax consequences are complex and vary by holder. According to the company, shareholders are encouraged to review the Circular and consult financial, tax, and legal advisors for personalized advice.