Examples of Ventas Common Stock in a sentence
Ventas shall be responsible for all Liabilities (and entitled to the tax deduction) associated with awards that relate to Ventas Common Stock following the Effective Time, including without limitation such awards held by Former Employees and SpinCo Group Non-Employee Directors, and SpinCo shall be responsible for all Liabilities (and entitled to the tax deduction) associated with awards that relate to SpinCo Common Stock following the Effective Time.
Under the Merger Agreement, between June 28, 2021 and the earlier of the Effective Time and the termination of the Merger Agreement, neither Ventas nor New Senior may declare, make or pay any dividend without the consent of the other party other than a regular quarterly cash dividend of up to $0.065 per share of New Senior Common Stock in the case of New Senior and up to $0.45 per share of Ventas Common Stock in the case of Ventas.
The number of shares of Ventas Common Stock that will be issued in the Merger will depend on, among other factors, the number of shares of New Senior Common Stock and New Senior equity awards outstanding immediately prior to the Effective Time.
As a result, such U.S. holder generally will recognize capital gain or loss equal to the difference between the amount of cash received for such fractional share and such U.S. holder’s tax basis allocable to such fractional share of Ventas Common Stock as set forth above.
The Ventas Charter authorizes Ventas to issue up to 600,000,000 shares of Ventas Common Stock and up to 10,000,000 shares of Ventas Preferred Stock.
Although the law is not clear on the matter, it appears that amounts Ventas designates as retained net capital gains in respect of Ventas Common Stock should be treated with respect to non-U.S. holders as actual distributions of capital gain dividends.
Under the applicable Treasury Regulations and administrative guidance, withholding under FATCA generally applies to payments of dividends on Ventas Common Stock.
As of the Record Date, there were 380,352,586 outstanding shares of Ventas Common Stock and zero outstanding shares of Ventas Preferred Stock.
Xxxxxx Xxxxxxx reviewed the price targets for shares of Ventas Common Stock based on information obtained from Wall Street research as of June 25, 2021.
Ventas urges non-U.S. holders to consult their tax advisors to determine the impact of U.S. federal, state, local and non-U.S. income and other tax laws and any applicable tax treaty on the acquisition, ownership and disposition of shares of Ventas Common Stock, including any reporting requirements.