LAS VEGAS, Dec. 7, 2017 /PRNewswire/ -- Switch, Inc. (NYSE : SWCH ) ("Switch") today announced that Switch's Board of Directors has declared a cash dividend of $0.014 per share of Switch's Class A common stock for the fourth quarter of 2017. The dividend will be payable on December 29, 2017 to all stockholders of record as of the close of business on December 18, 2017.
Prior to the payment of the dividend, Switch, Ltd. will make a cash distribution to all holders of record of common units of Switch, Ltd., including Switch, of $0.014 per common unit.
Future declarations of quarterly dividends are subject to the determination and discretion of Switch's Board of Directors based on its consideration of many factors, including Switch's results of operations, financial condition, capital requirements, restrictions in Switch, Ltd.'s debt agreements and other factors that Switch's Board of Directors deems relevant.
POWERING THE FUTURE OF THE CONNECTED WORLD®
Switch (NYSE : SWCH ), the technology infrastructure corporation headquartered in Las Vegas, is built on the intelligent and sustainable growth of the internet. Switch founder and CEO Rob Roy has developed more than 400 issued and pending patent claims covering data center designs that have manifested into the company's world-renowned data centers and technology solution ecosystems. Visit switch.com for more information.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Switch and other matters. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding future declarations of quarterly dividends and Switch's intentions regarding special cash dividends. In some cases, you can identify forward-looking statements by terms such as ''may,'' ''will,'' ''should,'' ''expects,'' ''plans,'' ''anticipates,'' ''could,'' ''intends,'' ''targets,'' ''projects,'' ''contemplates,'' ''believes,'' ''estimates,'' ''predicts,'' ''potential'' or ''continue'' or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. Switch has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause Switch's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect Switch's business, including those described in its filings with the Securities and Exchange Commission, including under the caption "Risk Factors" in Item 1A of Part II of Switch's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 14, 2017. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, Switch does not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures Switch makes on related subjects in its public announcements and filings with the Securities and Exchange Commission.
or Lauren Sloane
The Blueshirt Group for Switch
SOURCE Switch, Inc.