Gaming and Leisure Properties Appoints Michael Borofsky as Independent Director
Gaming and Leisure Properties announced that Michael Borofsky has been appointed to the Board of Directors as a new independent director, effective immediately, subject to receipt of customary regulatory approvals. The appointment of Mr. Borofsky expands the Board of Directors to eight members, seven of whom are considered independent according to the listing standards of the Nasdaq Stock Exchange. Michael Borofsky is the founder of Mithrandir Ventures, a diversified family office with investments in gaming, healthcare, software and climate tech. Michael's primary focus is on building high cash flow generating businesses with leading market positions and helping companies innovate and evolve through emerging technologies.
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Gaming and Leisure Properties Announces $3.10 Per Share Tax Allocation for 2025 Distributions
- Total Distributions: Gaming and Leisure Properties announced a total distribution of $3.10 per share for 2025, demonstrating the company's ongoing cash flow and commitment to shareholder returns, which enhances investor confidence.
- Tax Allocation Details: The tax allocation for the 2025 distributions has not yet been filed, calculated based on the best available information, indicating the company's efforts in tax transparency that may impact shareholders' tax planning.
- Composition of Dividends: The 2025 distributions include $3.00 in ordinary dividends and $0.001832 in capital gain distributions, reflecting the company's robust capital management strategy aimed at optimizing shareholder value.
- Investor Advisory: The company advises shareholders to consult tax advisors to ensure proper tax treatment of distributions under federal and local tax laws, demonstrating a commitment to shareholder interests and compliance awareness.
ETF Movers on Friday: ONEV, URA
Uranium ETF Performance: The Uranium ETF is underperforming, down approximately 4.9% in Friday afternoon trading.
Weakest Components: Key contributors to this decline include Centrus Energy, which fell by about 7.6%, and Uranium Energy, which decreased by about 7.3%.
Market Context: The performance of the Uranium ETF contrasts with other ETFs on the market today.
Author's Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
