SAN FRANCISCO--(BUSINESS WIRE)--Fantex, Inc. announced it has paid a second dividend on the Fantex Series Vernon Davis Convertible Tracking Stock (OTC: VNDSL). Since the close of the security’s initial public offering earlier this year, Fantex, Inc. has paid dividends totaling $1.00 per share to VNDSL stockholders.
“We understand the dividend-paying properties of Fantex securities are a big draw of the asset class,” said Buck French, Co-Founder & CEO of Fantex, Inc. “We’re excited to have already distributed dividends totaling $1.00 per share to Fantex Vernon Davis stockholders in the first 7 months since the security’s IPO.”
Fantex, Inc. announced the dividend last month following news Mr. Davis had entered into a substantial partnership with the Levi’s® brand. The $0.30 per share dividend was payable to stockholders of record on November 25, 2014.
About Fantex, Inc.
Fantex, Inc. is a brand building company that purchases a minority interest in an athlete’s brand and works to increase the value of that brand. In order to fund the purchase, Fantex, Inc. develops a tracking stock that is linked to the economic performance of the brand.
