FutureFuel provides update on $2.50 per share special cash dividend

FutureFuel issued the following update with respect to its $2.50 per share special cash dividend approved by FutureFuel’s Board of Directors and previously announced on March 14. The rules of the New York Stock Exchange require that special dividends representing 25% or more of the stock price of a listed security, such as the Special Dividend, be subject to an ex-dividend date of one business day after the payment date. Accordingly, as the payment date for the Special Dividend is April 9, 2024, the NYSE has set the ex-dividend date for the Special Dividend to be April 10, 2024. In addition, FutureFuel understands that trades of FutureFuel’s common stock entered into during the period beginning March 25, 2024 and through April 9, 2024 will have a due bill attached for the Special Dividend. Due bills obligate sellers of FutureFuel common stock to deliver the Special Dividend to the buyer. This means that persons who purchase FutureFuel common stock during the due bill period (even if the trade will settle after the due bill period) are entitled to receive the Special Dividend, and persons who sell the stock during the due bill period are not entitled to the Special Dividend. Accordingly, if an investor wishes to receive the Special Dividend, the investor will need to hold the securities through and including the payment date of April 9, 2024. The due bill obligations are settled customarily between the brokers representing the buyers and sellers of the stock. Buyers and sellers of FutureFuel common stock should consult with their broker before trading to ensure they understand the effect of NYSE’s due bill procedures. FutureFuel has no obligations for either the amount of the due bill or the processing of the due bill.