09/16/2020 – SunPower Corporation (SPWR)

  by Robert Brauer

Attention, those of you who own SunPower Corporation (SPWR): SPWR has announced a special dividend consisting of a spin-off of shares of Maxeon Solar Technologies (MAXN). More information on the spin-off can be found here. As part of this spin-off, holders of SPWR will receive 12.5 shares of MAXN for every 100 shares of SPWR owned on the date of record, August 17th.

On September Trade Day, you will sell the shares of MAXN you have received, and apply the proceeds to your Stake as a dividend.

Lattco PRO/AutoPilot Clients: Please sell your extra shares of MAXN on Trade Day. 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
support@snideradvisors.com or 1-888-6-SNIDER. We’ll be happy to walk you
through the process.

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