Tribune Media Co. on Tuesday unveiled a $500 million special dividend to be paid in February from the company’s existing cash. The company said it will a special cash dividend of $5.77 per share of class A and class B common stock. Warrant holders will receive a cash payment equal to the amount of the dividend paid per common share for each share such warrants can be exercised into, the company said. The dividend will be paid Feb. 3 to shareholders and warrantholders of record as of Jan. 13. Shares rose 2.8% in premarket trade.
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