RR Donnelley Reports Q2 2015 Results, Intent to Create Three Independent Publicly Traded Companies
The leadership, governance, corporate branding and other matters for each company are still being developed and the company will provide interim updates as appropriate.
RR Donnelley management intends to continue to recommend to the board of directors a quarterly dividend of $0.26 per share, consistent with its current level, until the transactions have been consummated. Following the completion of the transactions, each company will determine its appropriate capital allocation policy. While the capital structures of each company have not been finalized, it is expected that the currently outstanding RR Donnelley notes will remain at CMCo and that CMCo will receive certain cash proceeds in connection with the capitalization of each of PRSCo and FinancialCo.