SAN FRANCISCO--(BUSINESS WIRE)--Fantex, Inc. announced its Board of Directors has declared a dividend of $0.20 per share for its Fantex Series Mohamed Sanu Convertible Tracking Stock (OTC: SANUL) (“Fantex Mohamed Sanu”).
In November of last year, Fantex, Inc. sold 164,300 shares of Fantex Mohamed Sanu at $10 per share. That offering closed on November 3, 2014, and secondary trading commenced later that day at Fantex.com.
“Fantex Mohamed Sanu is designed to track the value and performance of Mohamed Sanu’s brand – both on and off the field,” said Fantex, Inc. CEO and co-founder Buck French. “Mo is a dynamic player and individual. We’re thrilled to announce this first dividend payment to investors.”
The dividend is payable to all Fantex Mohamed Sanu stockholders of record as of the close of business on June 30, 2015. The dividend will be paid on July 30, 2015 when the Bengals are expected to open training camp for the 2015 season.
Fantex, Inc. has already paid dividends totaling $1.50 per share to stockholders of Fantex Vernon Davis (OTC: VNDSL) since the completion of that security’s initial public offering in April 2014.
About Fantex
Based in San Francisco, Fantex Holdings serves as the parent company to both Fantex, Inc. and Fantex Brokerage Services, LLC. Fantex, Inc., is a brand building company that purchases a minority interest in an athlete brand and works to increase the value of this brand. In order to fund the purchase, Fantex, Inc. develops a tracking stock that is designed to track the economic performance of the brand. Fantex Brokerage Services, LLC. is the exclusive trading platform for tracking stocks that are issued by Fantex, Inc.
