Attention, those of you who own VF Corporation (VFC): VFC has completed a spinoff of a new company, Kontoor Brands, Inc. (KTB). More information on the spin-off can be found here. As part of this spinoff, holders of VFC stock will receive 1 share of KTB for every 7 shares of VFC owned on the date of record, May 10th, 2019.
On June Trade Day, you will sell the shares of KTB you have received, and apply the proceeds to your Stake as a dividend.
Lattco PRO/AutoPilot Clients: Please sell your extra shares of KTB first thing Monday morning. Once the shares are sold please contact us, and we will adjust your account for you.
If you have any questions, please don’t hesitate to contact us at firstname.lastname@example.org or 1-888-6-SNIDER. We’ll be happy to walk you through the process.