Worthington Steel Announces Dividend Reinvestment Plan
The DRIP will provide Worthington Steel’s eligible shareholders with the opportunity to have all or a portion of the cash dividends declared on their
- convenience of automatic reinvestment of dividends in Reinvestment Shares; and
- flexibility to enroll some or all common shares in the DRIP, providing the opportunity to reinvest all or a portion of dividends in Reinvestment Shares, while continuing to receive the remainder in cash.
Participants in the DRIP will receive Reinvestment Shares acquired through the open market. Only future dividends declared by
Beneficial shareholders who wish to participate in the DRIP should contact their financial advisor, broker, investment dealer, bank, financial institution or other intermediary through which they hold common shares to inquire about the applicable enrollment deadline and to request enrollment in the DRIP and confirm what fees, if any, the nominee may charge to enroll in the DRIP on their behalf or whether the nominee’s policies might result in any costs otherwise becoming payable by the beneficial shareholder. Commissions, service charges, brokerage fees and other administrative fees may be payable in connection with the termination of participation in the DRIP or the withdrawal or disposition of Reinvestment Shares.
Participation in the DRIP does not relieve shareholders of any liability for taxes that may be payable in respect of dividends that are reinvested in Reinvestment Shares. Shareholders should consult their tax advisors concerning the tax implications of their participation in the DRIP.
This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction nor will there be any sale of these securities in any territory, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such territory, state or jurisdiction.
The aforementioned is a summary of the key attributes of the DRIP. A complete copy of the DRIP and the enrollment form will be available on the Agent’s website at https://shareholder.broadridge.com/ws. Shareholders should carefully read the complete text of the DRIP before making any decisions regarding their participation. For more information on how to enroll for registered shareholders or any other inquiries, contact the Agent at 844-917-0956.
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Vice President
Corporate Communications and Investor Relations
Phone: 614-840-4144
Melissa.Dykstra@worthingtonsteel.com
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