SAN ANTONIO, Jan. 21, 2020 /PRNewswire/ -- GlobalSCAPE,
Inc. (NYSE American: GSB), a worldwide leader in the secure
movement and integration of data, today announced it posted on its
website IRS Form 8937 regarding the tax characteristics of its
one-time special cash dividend of $3.35 per share that was declared by the Company
on November 18, 2019. The record date
of the special dividend was November 29,
2019, and the payment date of the special dividend was
December 5, 2019. The quantitative
effect on the tax basis of a share of common stock in the hands of
a U.S. stockholder is a decrease in tax basis in an amount equal to
$2.19 per share.
The information in this press release is not intended to serve
as advice on how distributions should be reported. Stockholders
should review the tax statements received from their brokerage
firms or other institutions to ensure that the statements agree
with the information provided on the Company's website.
Additionally, as each stockholder's tax situation may be different,
stockholders are encouraged to consult with their own professional
tax advisor with respect to their individual tax consequences. For
additional information, including a copy of GlobalSCAPE's IRS Form
8937, visit the GlobalSCAPE Investor Relations center at
https://www.globalscape.com/investor-relations.
GlobalSCAPE, Inc. does not provide tax, accounting or legal
advice. Any tax statements contained herein were not intended or
written to be used, and cannot be used for the purpose of avoiding
U.S., federal, state or local tax penalties. Please consult your
advisor as to any tax, accounting or legal statements made
herein.
About GlobalSCAPE
GlobalSCAPE, Inc. (NYSE American:
GSB) is a pioneer in securing and automating the movement and
integration of data seamlessly in, around and outside your
business, between applications, people and places, in and out of
the cloud. GlobalSCAPE provides cloud services that automate your
work, secure your data, and integrate your applications – while
giving visibility to those who need it. GlobalSCAPE makes business
flow brilliantly. Visit www.globalscape.com.
Safe Harbor Statement
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. The words "would," "exceed," "should," "anticipates,"
"believe," "expect," and variations of such words and similar
expressions identify forward-looking statements, but their absence
does not mean that a statement is not a forward-looking statement.
These forward-looking statements are based upon the Company's
current expectations and are subject to a number of risks,
uncertainties and assumptions. The Company undertakes no obligation
to update any forward-looking statements, whether as a result of
new information, future events or otherwise. Among the important
factors that could cause the actual results of the operations or
financial condition of the Company to differ materially from those
expressed or implied by forward-looking statements include, but are
not limited to, the overall level of consumer spending on our
products; general economic conditions and other factors affecting
consumer confidence; disruption and volatility in the global
capital and credit markets; the Company's ability to protect
patents, trademarks and other intellectual property rights; any
breaches of, or interruptions in, our information systems; legal,
regulatory, political and economic risks in international markets;
the results of our reduction in force; the discovery of additional
information relevant to the internal investigation; the possibility
that additional errors relevant to the recently completed
restatement may be identified; pending litigation and other
proceedings and the possibility of further legal proceedings
adverse to the Company resulting from the restatement or related
matters; the costs associated with the restatement and the
investigation, pending litigation and other proceedings and
possible future legal proceedings; and our decreased "public float"
(the number of shares owned by non-affiliate stockholders and
available for trading in the securities markets) as a result of
share repurchases. More information on potential risks and other
factors that could affect the Company's financial results is
included from time to time in the Company's public reports filed
with the SEC, including the Company's Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
All forward-looking statements included in this press release are
based upon information available to the Company as of the date of
this press release and speak only as of the date hereof.
Investor Relations Contact:
ir@GlobalSCAPE.com
Media Contact:
Matthew
Zintel
matthew.zintel@zintelpr.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/globalscape-announces-tax-characteristics-for-special-cash-dividend-declared-on-november-18-2019-300990701.html
SOURCE GlobalSCAPE, Inc.