Overstock Approaches Record Date for Digital Dividend

All shareholders as of April 27, 2020 will receive the Digital Voting Series A-1 Preferred Stock dividend

SALT LAKE CITY, April 20, 2020 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK) is approaching the record date for its Digital Voting Series A-1 Preferred Stock (“OSTKO”) dividend. All Overstock shareholders as of April 27, 2020 will receive the dividend, which will be distributed on a 1:10 basis in shares of OSTKO on May 19, 2020. Eligible shareholders do not need to take any action to receive the dividend. 

The Series A-1 shares have been granted DTC eligibility, allowing them to be eligible for depository and book-entry services at DTC, and the company has filed its prospectus supplement in connection with the dividend.

“Overstock has long championed a new capital markets system built on trust through technology,” said Overstock CEO Jonathan Johnson. “This innovative dividend issuance is another step in that direction. I’m pleased that the dividend will trade on the tZERO platform.”

Below are key dates for the dividend issuance:

• Ex-Dividend Date: April 24, 2020
• Record Date: April 27, 2020
• Distribution Date: May 19, 2020

The company continues to provide detailed information on the dividend, including a timeline and answers to frequently asked questions (FAQs), on its website. For questions regarding account setup with Dinosaur, please email the Dinosaur team directly at [e-mail]. For questions regarding the tZERO ATS, contact [e-mail]. For all other questions, please contact the Overstock Investor Relations team at [e-mail].

Investor Notice
This press release does not constitute an offer to sell or a solicitation of an offer to buy the Digital Voting Series A-1 Preferred Stock (the “Series A-1”), by Overstock and its subsidiaries and affiliates and no offer, solicitation or sale of the Series A-1 shall be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release is being issued pursuant to and in accordance with Rule 134 under the Securities Act of 1933, as amended. Offers, solicitations and sales of the Series A-1 will be made only by means of a prospectus supplement and the accompanying prospectus, forming a part of an effective registration statement.