At present, we anticipate the ratio being approximately 71,000 to 1, meaning, for every 71,000 shares of HCMC common stock owned, a shareholder will receive one (1) share of HCWC common stock. The calculation for the dividend will be based upon the number of qualifying shares of HCMC divided by the amount of initially issued shares of HCWC. Fractional shares will not be issued, and fractional shares will not be rounded up. The amount of HCWC shares issued to each shareholder of HCMC will be based directly on the percentage of ownership of HCMC stock on the record date, subject to certain minimum ownership amounts. How many dividend shares of HCWC common stock will I be receiving? Therefore, you should own your stock no later than April 26, 2023, and hold the stock through May 1, 2023. To ensure you are deemed an owner of HCMC common stock on that date, you should own or purchase the HCMC common stock at least three business days BEFORE May 1, 2023. The record date to own shares to participate in the dividend is May 1, 2023. When do I need to own HCMC common stock in order to receive dividend shares in HCWC? In particular, the FAQs relate to the upcoming record date and steps necessary to be eligible for HCMC’s dividend of common stock of HCWC. (HCWC), HCMC’s natural foods grocery and wellness business. (OTC Pink: HCMC) released the following frequently asked questions (FAQs) and related answers in connection with its expected Spin-Off of Healthy Choice Wellness Corp. HOLLYWOOD, FL, Ap(GLOBE NEWSWIRE) - Today Healthier Choices Management Corp.
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