Texas Pacific Land Trust Expands Capital and Splits Stock

The latest announcement is out from Texas Pacific Land Trust (TPL).

Texas Pacific Land Corporation recently announced an amendment to increase its capital stock to over 47.5 million shares, including common and preferred stock. Moreover, the company declared a three-for-one stock split, rewarding shareholders with two additional shares for each one held, scheduled for distribution by the end of March 2024. This move is expected to enhance the liquidity of shares and make them more accessible to a broader base of investors. Trading on a split-adjusted basis is anticipated to commence shortly after the shares are issued.

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