What is the size and per-share amount of Thomson Reuters' (TRI) return of capital announced April 30, 2026?

The return of capital totals US$605 million , estimated at ~ US$1.36 per common share . According to the company, the per-share figure is an estimate based on outstanding shares at the record date and assumes no opt-outs.

When will the Thomson Reuters (TRI) share consolidation and cash distribution become effective?

If exchange approvals are received, the plan is expected effective 3:01 a.m. EDT on May 4, 2026 . According to the company, post-consolidation shares should begin trading that morning under a new CUSIP.

How will Thomson Reuters (TRI) determine the final cash distribution per share and consolidation ratio?

Thomson Reuters will set the final per-share cash amount and consolidation ratio after 4:00pm EDT on May 1, 2026 . According to the company, the calculations depend on the number of participating shares.

What approvals remain outstanding for Thomson Reuters' (TRI) return of capital and share consolidation?

The plan is still subject to final approval by the Toronto Stock Exchange and Nasdaq . According to the company, the transactions will only proceed once those exchange approvals are received.

Thomson Reuters Receives Court Approval for Return of Capital and Share Consolidation Transactions

Rhea-AI Impact

(High)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Thomson Reuters (TSX/Nasdaq: TRI) received Ontario Superior Court final approval for a plan of arrangement to implement a US$605 million return of capital and a proportional share consolidation (reverse split), estimated at ~US$1.36 per common share based on record-date shares.

The board will determine the final per-share cash amount and consolidation ratio after 4:00pm EDT on May 1, 2026, subject to final TSX and Nasdaq approval; transactions are expected to become effective 3:01 a.m. EDT on May 4, 2026.

AI-generated analysis. Not financial advice.

Positive

Return of capital of US$605 million announced
Estimated distribution of ~US$1.36 per common share
Plan effective date set for May 4, 2026 if exchange approvals received
Share consolidation will be proportional to the cash distribution

Negative

Transactions remain subject to final TSX and Nasdaq approval
Registered opting-out shareholders will not receive the cash distribution
Final per-share cash amount and consolidation ratio will be set after May 1, 2026

News Market Reaction – TRI

+2.57%

1 alert

+2.57% News Effect

On the day this news was published, TRI gained 2.57%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Special cash distribution: US$605 million Estimated cash per share: US$1.36 per common share Cash distribution determination time: 4:00 p.m. EDT on May 1, 2026 +1 more

4 metrics

Special cash distribution US$605 million Aggregate capital return under approved plan of arrangement

Estimated cash per share US$1.36 per common share Estimated distribution based on shares outstanding at record date

Cash distribution determination time 4:00 p.m. EDT on May 1, 2026 Time after which final per-share distribution and ratio are set

Effective time of arrangement 3:01 a.m. EDT on May 4, 2026 When return of capital and consolidation become effective

Market Reality Check

Price: $86.04 Vol: Volume 1,045,622 is below...

low vol

$86.04 Last Close

Volume Volume 1,045,622 is below the 20-day average of 1,812,792 (relative volume 0.58). low

Technical Shares at $93.29 are trading below the 200-day MA of $135.99 and well under the $218.42 52-week high.

Peers on Argus

TRI is up 3.78% while key peers show mixed, smaller moves: RELX -0.33%, CTAS +0....

TRI is up 3.78% while key peers show mixed, smaller moves: RELX -0.33%, CTAS +0.43%, CPRT +0.30%, RBA +0.30%, GPN +3.21%. This points to a stock-specific reaction tied to the capital return and share consolidation process.

Historical Context

5 past events · Latest: Apr 29 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 29	Conference presentation	Positive	+3.8%	Announcement of Barclays conference presentation with senior leadership participation.
Apr 28	Capital return vote	Positive	+3.8%	Shareholder approval of US$605M special cash distribution and share consolidation.
Apr 14	Opt-out reminder	Neutral	+5.1%	Reminder to eligible non-Canadian shareholders about opt-out alternative for capital return.
Apr 01	Earnings scheduling	Neutral	-2.1%	Scheduling notice for Q1 2026 earnings release and webcast details.
Mar 25	Strategic partnership	Positive	+0.0%	Partnership with Smokeball to integrate legal tech platforms for joint customers.

Pattern Detected

Recent corporate updates, especially around the capital return and share consolidation, have generally coincided with positive price reactions, suggesting the market has viewed these actions constructively.

Recent Company History

Over the past months, Thomson Reuters has focused on capital returns and strategic positioning. Multiple announcements outlined a US$605 million special cash distribution with a proportional share consolidation, plus an opt-out option for certain shareholders. These items have been paired with conference participation plans and an upcoming Q1 2026 earnings release. Price reactions were mostly positive around capital return communications, indicating investor attention on the distribution and structure rather than only on operational updates.

Market Pulse Summary

This announcement confirms court approval for Thomson Reuters’ return of capital and share consolida...

Analysis

This announcement confirms court approval for Thomson Reuters’ return of capital and share consolidation plan, including a special cash distribution of US$605 million (estimated at US$1.36 per share) and a proportional reverse stock split. The timeline sets final determination of per-share amounts and the effective consolidation date. Investors may track subsequent disclosures on the actual distribution, the consolidation ratio, and how these actions integrate with upcoming earnings and broader capital allocation plans.

Key Terms

return of capital, share consolidation, reverse stock split, plan of arrangement, +4 more

8 terms

return of capital financial

"plan of arrangement to implement the company's proposed return of capital and share"

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.

reverse stock split financial

"company's outstanding common shares (or "reverse stock split") on a basis"

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.

plan of arrangement regulatory

"issued a final order today approving a plan of arrangement to implement"

A plan of arrangement is a formal, court-approved agreement that reorganizes ownership or assets of a company—such as merging businesses, exchanging shares for cash or other securities, or splitting off parts of the company. Investors should care because it can change the value, number, and rights of their holdings and is often binding once approved by both shareholders and a court, offering more legal certainty than a simple vote. Think of it as a legally supervised recipe for how a company will be reshaped and who ends up with what.

CUSIP financial

"shares are expected to begin trading on the TSX and Nasdaq under a new CUSIP"

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.

depositary financial

"the company's depositary for the transactions (Computershare Investor Services Inc.) will"

A depositary is a financial institution that holds and safeguards financial assets, such as stocks or bonds, on behalf of investors. It ensures that ownership records are accurate and that transactions are processed securely. For investors, a depositary provides a trustworthy way to manage their investments, similar to a secure vault that keeps valuables safe and organized.

EDGAR regulatory

"documents were also furnished to the U.S. Securities and Exchange Commission through EDGAR"

EDGAR is a system used by companies to share important financial and business information with the public. It functions like an online filing cabinet where investors can access official reports and documents that help them understand a company's financial health and operations. This transparency allows investors to make more informed decisions, much like checking a company's report card before investing.

SEDAR+ regulatory

"filed with the Canadian securities regulatory authorities on SEDAR+ and are available"

SEDAR+ is Canada’s centralized online system where publicly traded companies submit required regulatory documents such as financial reports, prospectuses and disclosure statements. It gives investors a single, searchable place — like a public library or online filing cabinet — to check a company’s official records for transparency, compare performance, and verify material information before making investment decisions.

AI-generated analysis. Not financial advice.

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04/30/2026 - 11:39 AM

TORONTO, April 30, 2026 /PRNewswire/ -- Thomson Reuters (TSX/Nasdaq: TRI) today announced that the Ontario Superior Court of Justice issued a final order today approving a plan of arrangement to implement the company's proposed return of capital and share consolidation transactions. On April 28, 2026, Thomson Reuters received shareholder approval for the return of capital and share consolidation transactions at its special meeting.

As described in the company's management proxy circular dated March 13, 2026 (the "Circular"), the return of capital and share consolidation transactions consist of a special cash distribution of US$605 million in the aggregate, or approximately US$1.36 per common share (estimated based on the number of common shares issued and outstanding as of the record date for the special meeting and assuming no shareholders opt-out of the return of capital), and a consolidation of the company's outstanding common shares (or "reverse stock split") on a basis that is proportional to the special cash distribution.

Timeline/Next Steps

The plan of arrangement for the return of capital and share consolidation transactions is subject to final approval by the Toronto Stock Exchange (TSX) and the Nasdaq.

If those final approvals are received:

Thomson Reuters will determine the actual cash distribution per share and the share consolidation ratio after 4:00pm EDT (Toronto time) on May 1, 2026 based on the number of participating shares, and will issue a news release later that day with applicable information to shareholders;
The plan of arrangement will become effective at 3:01 a.m. EDT (Toronto time) on May 4, 2026, and the post-consolidation shares are expected to begin trading on the TSX and Nasdaq under a new CUSIP when markets open that day;
As promptly as practicable after the transactions are effective, the company's depositary for the transactions (Computershare Investor Services Inc.) 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; and
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. The opt-out deadline for registered shareholders has passed.

Further details of the proposed 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. These forward-looking statements are based on certain assumptions, including shareholder approval of the transactions, 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 happens to shareholders who duly opted out of the return of capital in the Thomson Reuters (TRI) transaction?

Opting-out shareholders will not receive the cash distribution but will participate in the share consolidation and retain the same share count. According to the company, they will realize a proportionate increase in equity and voting interest from consolidation.