Thomson Reuters announced on May 1 that it will distribute US$1.435518 per common share to participating shareholders as part of its return of capital and share consolidation transactions, which are set to take effect at 3:01 a.m. (Toronto time) on May 4.
The company said its common shares will begin trading on a post-consolidated basis on both the Toronto Stock Exchange and Nasdaq starting May 4, with the trading symbol remaining “TRI”. The new CUSIP number for the post-consolidated shares is 884903881 and the new ISIN number is CA8849038812.
According to Thomson Reuters, these transactions include a special cash distribution totaling US$605 million and a reverse stock split at a ratio of one pre-consolidated share for every 0.984560 post-consolidated shares. The company explained that eligible shareholders who opted out of the return of capital will not receive the cash distribution but will still participate in the share exchange and consolidation, resulting in an increased equity and voting interest due to fewer outstanding participating shares.
Computershare Investor Services Inc., acting as depositary for these transactions, will deliver cash amounts to registered participating shareholders after effectiveness, while beneficial or non-registered shareholders will receive distributions through their intermediaries. Fractional shares arising from this process will be paid out in cash except where exceptions apply as described in Thomson Reuters’ management proxy circular dated March 13, 2026.
The company advised that tax consequences related to these actions are complex and encouraged all shareholders to review official materials carefully or consult financial advisors. Additional details can be found in documents available at www.thomsonreuters.com/2026specialmeeting, SEDAR+, or EDGAR via www.sec.gov.
A statement included with the announcement cautioned that “forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations.” The company added there is no assurance all planned actions will be completed as described.
