Microstrategy Announces Two-for-One Stock Split
MicroStrategy Incorporated software's Board of Directors has approved a two-for-one split of the Company's common stock. The stock split will be effected in the form of a stock dividend. On the record date of January 20, 2000, holders of Class A Common Stock will receive one additional share of Class A Common Stock for each share held, and holders of Class B Common Stock will receive one additional share of Class B Common Stock for each share held. The new shares are expected to be mailed by the Company's transfer agent, American Stock Transfer & Trust Company, on or around January 26, 2000.
"The market value of MicroStrategy stock has risen significantly since our initial public offering in June of 1998," said Michael J. Saylor, president and CEO of MicroStrategy Incorporated. "We hope that this stock split will make it possible for more investors to share in the ownership of our Company."
For more information, visit http://www.microstrategy.com.