XAI's Chief Financial Officer Anthony Armstrong Departs - The Information
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 09 2026
0mins
Source: moomoo
- Departure Announcement: AI's top finance executive, Anthony Armstrong, has announced his departure from the company.
- Impact on the Company: Armstrong's exit may have significant implications for the company's financial strategies and operations moving forward.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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- Dividend Adjustment: Following the reverse split, the monthly dividend will increase from $0.060 to $0.30 per share, reflecting the Trust's confidence in future earnings growth and attracting more investor interest in its income potential.
- Trading Arrangements: Post-split, the Trust's common shares will begin trading on March 23, 2026, ensuring that all shareholders maintain their ownership percentages, which enhances market liquidity and transparency.
- Shareholder Rights Protection: The reverse split will not issue fractional shares, with cash compensation provided instead, ensuring all shareholders' rights are protected and further enhancing the Trust's governance structure and investor trust.
See More
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- Dividend Adjustment: Post-split, shareholders will receive a dividend of $0.30 per share, significantly up from the previous $0.060, reflecting the company's confidence in future earnings and potentially increasing investor return expectations.
- Trading Arrangement: The shares will begin trading on a post-split basis on the NYSE on March 23, 2026, ensuring that shareholders do not need to take additional action, thereby simplifying share management for investors.
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