CLIENT ALERT: Guidelines for Payment of Dividends during the COVID-19 Pandemic
The disruptive impact of COVID-19 on the public markets has prompted a number of questions from clients about their ability to preserve capital if they already have declared a cash dividend.
The attached short note addresses what steps a board of a Delaware corporation might consider in those circumstances.
In the interest of providing the market with broad collective insights, each of the Delaware firms listed at the bottom of the memo have signed off on the content of the memo and each firm authorized its circulation with their firm’s name listed.
If you have any questions, please reach out to your contact at our firm.