LAS VEGAS, Dec. 7, 2017 /PRNewswire/ -- Switch, Inc.
(NYSE:SWCH) ("Switch") today announced that Switch's Board of
Directors has declared a cash dividend of $0.014 per share of Switch's Class A common stock
for the fourth quarter of 2017. The dividend will be payable on
December 29, 2017 to all stockholders
of record as of the close of business on December 18, 2017.
Prior to the payment of the dividend, Switch, Ltd. will make a
cash distribution to all holders of record of common units of
Switch, Ltd., including Switch, of $0.014 per common unit.
Future declarations of quarterly dividends are subject to the
determination and discretion of Switch's Board of Directors based
on its consideration of many factors, including Switch's results of
operations, financial condition, capital requirements, restrictions
in Switch, Ltd.'s debt agreements and other factors that Switch's
Board of Directors deems relevant.
ABOUT Switch
POWERING THE FUTURE OF THE CONNECTED WORLD®
Switch (NYSE: SWCH), the technology infrastructure corporation
headquartered in Las Vegas, is
built on the intelligent and sustainable growth of the internet.
Switch founder and CEO Rob Roy has
developed more than 400 issued and pending patent claims covering
data center designs that have manifested into the company's
world-renowned data centers and technology solution
ecosystems. Visit switch.com for more
information.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
concerning Switch and other matters. All statements contained in
this press release that do not relate to matters of historical fact
should be considered forward-looking statements, including, without
limitation, statements regarding future declarations of quarterly
dividends and Switch's intentions regarding special cash dividends.
In some cases, you can identify forward-looking statements by terms
such as ''may,'' ''will,'' ''should,'' ''expects,'' ''plans,''
''anticipates,'' ''could,'' ''intends,'' ''targets,'' ''projects,''
''contemplates,'' ''believes,'' ''estimates,'' ''predicts,''
''potential'' or ''continue'' or the negative of these terms or
other similar expressions. The forward-looking statements in this
press release are only predictions. Switch has based these
forward-looking statements largely on its current expectations and
projections about future events and financial trends that it
believes may affect its business, financial condition and results
of operations. Forward-looking statements involve known and unknown
risks, uncertainties and other important factors that may cause
Switch's actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. You should carefully consider the risks and
uncertainties that affect Switch's business, including those
described in its filings with the Securities and Exchange
Commission, including under the caption "Risk Factors" in Item 1A
of Part II of Switch's Quarterly Report on Form 10-Q filed with the
Securities and Exchange Commission on November 14, 2017. These forward-looking
statements speak only as of the date of this communication. Except
as required by applicable law, Switch does not plan to publicly
update or revise any forward-looking statements, whether as a
result of any new information, future events or otherwise. You are
advised, however, to consult any further disclosures Switch makes
on related subjects in its public announcements and filings with
the Securities and Exchange Commission.
Investor Contact:
Irmina Blaszczyk
or Lauren Sloane
The Blueshirt Group for Switch
investorrelations@switch.com
(702) 479-3993
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SOURCE Switch, Inc.